Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital

Bitcoin Magazine Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital American investment firm Pantera Capital’s portfolio manager has said “smart money” is helping push bitcoin’s price higher.  Cosmo Jiang, portfolio manager at the firm, said in a Friday CNBC interview that the next resistance for the coin’s price could be around $80,000 and that while small pullback was possible, “smart money” was now flooding into the space.  Bitcoin surged this week on positive regulatory news coming out of the U.S.

and news that the Treasury Department would at least double the size of its long-dated bond buybacks.

JUST IN: $3.8 billion Pantera Capital tells CNBC the Bitcoin price is starting to “reverse” to the upside "There's smart money now coming in, and there's real fundamentals to support the rebound in prices.” pic.twitter.com/278fR8t9vx— Bitcoin Magazine (@BitcoinMagazine) August 21, 2026 “From everything we see, positioning is starting to reverse,” Jiang said.  “People are going from very much on the sidelines and even net short positioning to now realizing they want to be long, for what could be a very big technology.” Bitcoin was recently priced at $77,412 after surging more than 23% over the past week.

The biggest cryptocurrency touched as high as $79,319 earlier on Friday.  While spending most of June and July below $65,000, bitcoin has benefited from news...