Pantera Reveals $1.1B Solana Bet – Why It Could Outrun Bitcoin and Ethereum
Pantera Capital has made Solana its largest holding, with founder Dan Morehead revealing that the firm holds about $1.1 billion worth of SOL - nearly a quarter of its $4.7 billion portfolio.
Speaking on CNBC, he said the future won’t be “winner-take-all” but rather dominated by a handful of base-layer blockchains, with Solana standing out for its massive transaction capacity.
Pantera recently co-led a $500 million investment tied to Helius Medical Technologies to build a Solana treasury company, a move Morehead described as the first chance for retail investors to gain exposure through traditional brokerage accounts, since no ETF yet exists for the token.
While Morehead still sees Bitcoin reaching $750,000 in the next five years, he argued that Solana’s smaller market cap positions it for stronger relative gains.
On the same day, Fundstrat’s Tom Lee predicted that looming Fed rate cuts could spark “monster moves” in Bitcoin and Ethereum, comparing the setup to past cycles where easing policies triggered rallies in both equities and crypto.
Together, the two views highlight a growing belief on Wall Street: Bitcoin, Ethereum, and Solana may each play leading but different roles as the next bull cycle unfolds.
Source: CNBC
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Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
