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2021-06-24
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2021-06-23
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2021-06-23
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Pantera’s Morehead Scores Big Payoff on Bets Beyond Bitcoin
(Bloomberg) -- Dan Morehead, a veteran Bitcoin investor, is making more money at his hedge fund firm
Pantera’s Morehead Scores Big Payoff on Bets Beyond Bitcoin
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2021-06-18
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Why oil prices may shoot at least 15% higher: Goldman Sachs
Supply constraints and a global economyrapidly reboundingfrom the debilitating COVID-19 pandemic lay
Why oil prices may shoot at least 15% higher: Goldman Sachs
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10:13","market":"us","language":"en","title":"Pantera’s Morehead Scores Big Payoff on Bets Beyond Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1195773302","media":"Bloomberg","summary":"(Bloomberg) -- Dan Morehead, a veteran Bitcoin investor, is making more money at his hedge fund firm","content":"<p>(Bloomberg) -- Dan Morehead, a veteran Bitcoin investor, is making more money at his hedge fund firm by diversifying beyond the most popular cryptocurrency.</p>\n<p>“If you’re just long Bitcoin, it’s kind of like in the 90s being just long Yahoo -- you know, there were 30 other really important companies to invest in,” Morehead, the head of Pantera Capital Management, said in an interview at the Qatar Economic Forum, Powered by Bloomberg. “Now there are literally 100s of tokens that are liquid enough to trade.”</p>\n<p>Pantera’s liquid-token fund soared 166% this year through June 20, compared with a 24% gain for Bitcoin in the same period. Morehead, in the interview taped Friday, said he’s also investing in Audius, which he says is similar to a “decentralized SoundCloud” because it allows users to send audio files while using the Ethereum network. Polkadot is another of his crypto investments.</p>\n<p>The Pantera founder was an executive at Julian Robertson’s Tiger Management earlier in his career, and is now part of a handful of power players in crypto. Morehead said crypto will create a parallel financial system, with blockchain and decentralized finance, or DeFi, connecting buyers and sellers of assets without a bank. Morehead’s firm has $3.2 billion under management, according to its website, and launched its first fund in 2013, when Bitcoin was still $65, compared with more than $32,000 on Monday.</p>\n<p>Morehead was joined in the conversation by Mike Novogratz, the founder of Galaxy Digital, who said crypto is a rare investment that’s become truly global and has the potential to overtake some currencies in the next five years.</p>\n<p>Novogratz said that worries about currency debasement will fuel more crypto adoption.</p>\n<p>“There are already 200 currencies on earth, Bitcoin is just number 201,” Morehead said, adding that the U.S. dollar is unlikely to be replaced, but a currency such as the Venezuelan bolivar could be in his lifetime. 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Morehead, in the interview taped Friday, said he’s also investing in Audius, which he says is similar to a “decentralized SoundCloud” because it allows users to send audio files while using the Ethereum network. Polkadot is another of his crypto investments.\nThe Pantera founder was an executive at Julian Robertson’s Tiger Management earlier in his career, and is now part of a handful of power players in crypto. Morehead said crypto will create a parallel financial system, with blockchain and decentralized finance, or DeFi, connecting buyers and sellers of assets without a bank. Morehead’s firm has $3.2 billion under management, according to its website, and launched its first fund in 2013, when Bitcoin was still $65, compared with more than $32,000 on Monday.\nMorehead was joined in the conversation by Mike Novogratz, the founder of Galaxy Digital, who said crypto is a rare investment that’s become truly global and has the potential to overtake some currencies in the next five years.\nNovogratz said that worries about currency debasement will fuel more crypto adoption.\n“There are already 200 currencies on earth, Bitcoin is just number 201,” Morehead said, adding that the U.S. dollar is unlikely to be replaced, but a currency such as the Venezuelan bolivar could be in his lifetime. But mostly, “you’ll just see it as a complement.”","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2779,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123290681,"gmtCreate":1624423578343,"gmtModify":1703836241674,"author":{"id":"3582019662483806","authorId":"3582019662483806","name":"Tri12244","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582019662483806","idStr":"3582019662483806"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123290681","repostId":"1121860730","repostType":4,"isVote":1,"tweetType":1,"viewCount":2234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167230981,"gmtCreate":1624269156543,"gmtModify":1703832020563,"author":{"id":"3582019662483806","authorId":"3582019662483806","name":"Tri12244","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582019662483806","idStr":"3582019662483806"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167230981","repostId":"2145086038","repostType":4,"isVote":1,"tweetType":1,"viewCount":2909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167297963,"gmtCreate":1624269108352,"gmtModify":1703832019412,"author":{"id":"3582019662483806","authorId":"3582019662483806","name":"Tri12244","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582019662483806","idStr":"3582019662483806"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167297963","repostId":"1135743520","repostType":4,"isVote":1,"tweetType":1,"viewCount":2380,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164836896,"gmtCreate":1624190071315,"gmtModify":1703830374000,"author":{"id":"3582019662483806","authorId":"3582019662483806","name":"Tri12244","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582019662483806","idStr":"3582019662483806"},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164836896","repostId":"1192473918","repostType":4,"isVote":1,"tweetType":1,"viewCount":2225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164838657,"gmtCreate":1624189963979,"gmtModify":1703830373026,"author":{"id":"3582019662483806","authorId":"3582019662483806","name":"Tri12244","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582019662483806","idStr":"3582019662483806"},"themes":[],"htmlText":"Nice ","listText":"Nice ","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164838657","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":2196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166775937,"gmtCreate":1624026593129,"gmtModify":1703827009977,"author":{"id":"3582019662483806","authorId":"3582019662483806","name":"Tri12244","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582019662483806","idStr":"3582019662483806"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166775937","repostId":"1180733695","repostType":4,"repost":{"id":"1180733695","kind":"news","pubTimestamp":1624021744,"share":"https://ttm.financial/m/news/1180733695?lang=en_US&edition=fundamental","pubTime":"2021-06-18 21:09","market":"fut","language":"en","title":"Why oil prices may shoot at least 15% higher: Goldman Sachs","url":"https://stock-news.laohu8.com/highlight/detail?id=1180733695","media":"finance.yahoo","summary":"Supply constraints and a global economyrapidly reboundingfrom the debilitating COVID-19 pandemic lay","content":"<p>Supply constraints and a global economyrapidly reboundingfrom the debilitating COVID-19 pandemic lays the foundation for much higher oil prices, Goldman Sachs global head of commodities research Jeffrey Currie argues.</p>\n<p>\"Near term our highest conviction long is oil where we still see brent [crude oil] averaging $80/bbl this third quarter with potential spikes well above $80/bbl. Global demand likely rose to 97.0 million barrels a day in recent days from 95.0 million barrels a day just a few weeks ago as the U.S. passes the baton to Europe and emerging markets, where even India is beginning to show improvements,\" Currie said in a new research note to clients on Friday.</p>\n<p>To be sure, oil prices have had a bullish bias of late.</p>\n<p>At more than$73 a barrel currently, brent crude oil prices are trading at levels not seen since the fall of 2018. The price of brent crude isup about 55% year-to-date.</p>\n<p>Recent gains in the oil patch have been fueled by indications of strong demand meeting low levels of supply.</p>\n<p>The Energy Information Administration (EIA) reported this week that U.S. crude oil inventories fell by 7.4 million barrels for the week ended June 11. Meanwhile, the National Bureau of Statistics reported that crude oil throughput in China for May rose 4.4% versus last year to hit a record high.</p>\n<p>Warns Goldman's Currie, \"With such robust demand growth against an almost inelastic supply curve outside of core OPEC+ (GCC + Russia), the global oil market is facing its deepest deficits since last summer at nearly 3.0 million barrels a day. With refiners quickly responding to small improvements in margins, petroleum product supplies have broadly matched this jump in end-use demand, leaving this deficit almost entirely in crude. We expect further demand increases towards 99.0 million barrels a day by August of which half can be accounted for purely from DM seasonality alone. By then the entire global post-COVID surplus will likely have vanished, by which point we believe elevated crude oil prices could be the catalyst to refocus the market on the reflation trade.\"</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why oil prices may shoot at least 15% higher: Goldman Sachs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy oil prices may shoot at least 15% higher: Goldman Sachs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 21:09 GMT+8 <a href=https://finance.yahoo.com/news/why-oil-prices-may-shoot-at-least-15-higher-goldman-sachs-130028408.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Supply constraints and a global economyrapidly reboundingfrom the debilitating COVID-19 pandemic lays the foundation for much higher oil prices, Goldman Sachs global head of commodities research ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-oil-prices-may-shoot-at-least-15-higher-goldman-sachs-130028408.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/why-oil-prices-may-shoot-at-least-15-higher-goldman-sachs-130028408.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180733695","content_text":"Supply constraints and a global economyrapidly reboundingfrom the debilitating COVID-19 pandemic lays the foundation for much higher oil prices, Goldman Sachs global head of commodities research Jeffrey Currie argues.\n\"Near term our highest conviction long is oil where we still see brent [crude oil] averaging $80/bbl this third quarter with potential spikes well above $80/bbl. Global demand likely rose to 97.0 million barrels a day in recent days from 95.0 million barrels a day just a few weeks ago as the U.S. passes the baton to Europe and emerging markets, where even India is beginning to show improvements,\" Currie said in a new research note to clients on Friday.\nTo be sure, oil prices have had a bullish bias of late.\nAt more than$73 a barrel currently, brent crude oil prices are trading at levels not seen since the fall of 2018. The price of brent crude isup about 55% year-to-date.\nRecent gains in the oil patch have been fueled by indications of strong demand meeting low levels of supply.\nThe Energy Information Administration (EIA) reported this week that U.S. crude oil inventories fell by 7.4 million barrels for the week ended June 11. Meanwhile, the National Bureau of Statistics reported that crude oil throughput in China for May rose 4.4% versus last year to hit a record high.\nWarns Goldman's Currie, \"With such robust demand growth against an almost inelastic supply curve outside of core OPEC+ (GCC + Russia), the global oil market is facing its deepest deficits since last summer at nearly 3.0 million barrels a day. With refiners quickly responding to small improvements in margins, petroleum product supplies have broadly matched this jump in end-use demand, leaving this deficit almost entirely in crude. We expect further demand increases towards 99.0 million barrels a day by August of which half can be accounted for purely from DM seasonality alone. By then the entire global post-COVID surplus will likely have vanished, by which point we believe elevated crude oil prices could be the catalyst to refocus the market on the reflation trade.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166770861,"gmtCreate":1624026425353,"gmtModify":1703826999790,"author":{"id":"3582019662483806","authorId":"3582019662483806","name":"Tri12244","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582019662483806","idStr":"3582019662483806"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166770861","repostId":"1149451535","repostType":4,"isVote":1,"tweetType":1,"viewCount":2004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}