Former JPMorgan exec Samir Shah will join Pantera Capital as COO – Chief Operating Officer so let’s read more today in our latest cryptocurrency news.
Shah spent 12 years at JPMorgan as a Global Head of Digital Solutions and now he announced his departure from the financial institution with his next career choice including the investment company focused on crypto, Pantera Capital as the Chief Operating Officer. It’s safe to say that the crypto sector was affected due to the price drops in the biggest assets like Bitcoin. As a result of the panic, plenty of companies in the field decided to make cuts in the workforce, and the leading exchanges Coinbase, ByBit, and Crypto.com.
The former JPMorgan exec disclosed his plans to hop on the crypto bandwagon and join Pantera Capital as the Chief Operating Officer. He said his 12 years at the Wall Street Giant were fantastic and that the departure with his old team was “bittersweet.” he added:
“JPM is a very special space, and I will be forever grateful to my colleagues for shaping my professional and personal journey in such a profound way. I leave humbled, as a very proud alum and a forever champion of the firm.”
On the other hand, he showed his excitement to take a role at Pantera Capital and to join forces with the leader’s Dan Morehead and Joey Krug. Shah also described the crypto company as a leading investor in blockchain technology and promised to take it to new heights. Unlike crypto critics like Paul Krugman who think BTC is a Ponzi scheme, Dan Morehead as the founder and CEO of Pantera argued that the bond markets are being manipulated by the FED and are the real fraudulent scheme:
“Governments should stop obsessing about Bitcoin and look inward. The biggest Ponzi scheme in history is the U.S. government and mortgage bond market – 33 trillion-with-a-T dollars – all being driven by one non-economic actor with a dominant position who is trading based on material, non-public information.”
Pantera Capital issued a report dubbed the Next Mega Trade where it outlined the reasons why the main cryptocurrency could start a bull run soon. The company opined that the price increase can occur around April 18th.
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