Pantera Capital was the first U.S. institutional asset manager exclusively focused on blockchain technology, launching the first U.S. crypto fund when bitcoin traded at $65. Since 2013, Pantera has pioneered venture equity, early-stage tokens, and liquid digital asset strategies—backing more than 100 blockchain companies and 110 token projects globally.
Pantera Capital was the first U.S. institutional asset manager exclusively focused on blockchain technology, launching the first U.S. crypto fund when bitcoin traded at $65. Since 2013, Pantera has pioneered venture equity, early-stage tokens, and liquid digital asset strategies—backing more than 100 blockchain companies and 110 token projects globally.
Mason Nystrom sits down with Hootie Rashidifard (Hash3) and Alana Levin (Variant) to break down 2025's winners and losers—plus bold predictions for 2026.
2025 Winners: Stablecoins ($30M→$1T volume), prediction markets, Robinhood, Stripe, Base
2025 Losers: Gaming (down 96%), MetaMask, Biden-era SEC, restaking, DePIN
2026 Predictions:
• Crypto gets hard again (capital constrained, mission-driven founders emerge)
• More crypto IPOs and M&A
• Gemini likely gets acquired
• Bitcoin dominance increases
Topics: Coinbase expansion, distribution moats, will incumbents win everything, prediction market volume doubling.
The views expressed in the podcast are those of the individual personnel quoted and are not the views of Pantera Capital Partners LP or its affiliates (“Pantera”). The podcast is provided for informational purposes only to provide market commentary and for general educational purposes, and should not be relied upon as legal, business, investment, or tax advice. The podcast is not directed at nor intended for use by any investors or prospective investors and may not under any circumstances be relied upon when making a decision to invest. Please see additional important disclosures related to the content discussed in the podcast here.