Dan Morehead’s Optimistic Outlook on Bitcoin (BTC) As Pullix Presale Is Set To Explode

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Pantera Capital founder Dan Morehead has said that there will soon be a bull market for Bitcoin. He explained that blockchain assets are no longer strongly related to stock market patterns. He argued that this portends a rise in the Bitcoin price. 

Meanwhile, after a recent price increase, Pullix, a new ICO project, has been projected to soar during the bull market. Analysts have predicted an impending 100x increase.

Bitcoin (BTC) Rally On The Way, Says Pantera Capital Founder

Dan Morehead, the Pantera Capital founder, has predicted that a Bitcoin bull market is around the corner. When purchasing assets impacted by interest rates, he cautioned investors to proceed with caution. 

Morehead thinks that blockchain assets can trade independently of rising interest rates, which makes cryptocurrencies well-positioned. Besides, Morehead’s report noted that blockchain assets have decoupled from traditional markets for most of their history. 

As a result, increased interest rates should not affect blockchain assets like Bitcoin. Interestingly, Morehead has been investing in Bitcoin for the past 10 years. 

Bitcoin price has crossed the $44k mark after trading in the $37,550.77-$44,313.57 price range in the past 7 days. The Bitcoin price chart shows a 15.4% and 26.1% price jump on the weekly and monthly charts. Also, the coin has shown a year-to-date gain of 160%.

Pullix (PLX) Presale To Skyrocket in the Bull Market

Pullix (PLX) is building a decentralized trading exchange to address common problems traders face. These problems include a lack of transparency, high fees, and slow transaction speeds. Pullix has created a secure, decentralized environment for all traders. The platform was created to foster a transparent trading system, remove intermediaries, and reduce transaction fees. 

Pullix has connected its DeFi cryptocurrency to the trading platform to offer its users more benefits. For instance, those holding PLX tokens will receive regular passive income payments and gain access to exclusive rewards. Also, they would enjoy other advantages based on the amount they have staked.

Another part of the Pullix ecosystem is the token burn mechanism for the PLX token. The aim is to stabilize and increase the token’s value. To achieve this, a portion of the platform’s daily profits is used to purchase and permanently remove (burn) 50% of these tokens from circulation.

The remaining 50% rewards users who stake their PLX, incentivizing long-term holding and active participation in the Pullix ecosystem. This deflationary approach is designed to align the interests of the platform with those of its users and investors. This innovative strategy makes the PLX token a major element within the Pullix ecosystem. 

As Pullix’s trading platform gains popularity, the value of PLX is expected to rise, making it an appealing investment opportunity for traders. Smart investors are already stocking Pullix’s DeFi cryptocurrency, PLX, at its current price of $0.04 before it increases in the next stages.

Conclusion

The market is set to rally with Dan Morehead’s bullishness about Bitcoin and cryptocurrencies no longer correlated with traditional assets. Even new ICO projects like Pullix have seen a huge explosion in the presale stage. Analysts have forecasted more gains of 100x for Pullix.

For more information regarding Pullix’s presale see links below: 

Visit Pullix 

Join The Pullix Communities

*This article was paid for Cryptonomist did not write the article or test the platform.