CandleFocus Famous Billionaire Makes a Statement About the Future of Bitcoin (BTC)
2024-12-15
Author: Content Editor
Dan Morehead, billionaire investor and founder of Pantera Capital, argues that Bitcoin is a superior alternative to gold as a reserve asset. He criticizes the US's dependence on gold, stating that it is becoming obsolete in the digital age. Morehead believes that Bitcoin's digital nature, rarity, and global accessibility make it a better store of value. He suggests that the US should increase its Bitcoin holdings and take the lead in adopting BTC as part of its reserve strategy.
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