Key facts
- Pantera Capital's portfolio manager believes "smart money" is supporting Bitcoin's rebound.
- The manager finds it difficult to be bearish on Bitcoin given its recent price performance.
- The statement suggests institutional or informed investor inflows are driving the current market trend.
A portfolio manager at Pantera Capital has indicated that significant inflows from "smart money" are currently bolstering Bitcoin's price, leading to a positive outlook for the cryptocurrency. The manager stated that the recent price surges make it challenging to maintain a bearish stance on Bitcoin, suggesting a strong underlying support for its recovery.