CandleFocus

Pantera founder: ‘Bitcoin is better than gold’ as a reserve asset

Author: Content Editor
Dan Morehead, founder of Pantera Capital, stated that he believes cryptocurrency is a better reserve investment than gold. He highlighted the potential of blockchain technology and expressed optimism about the growing interest from institutions. Morehead identified regulatory uncertainty as a barrier to institutional adoption and called for clearer guidelines. He claimed that Bitcoin outperforms gold as a reserve asset and suggested that the US should take the lead in Bitcoin holding. Morehead also emphasized the long-term trajectory of cryptocurrency markets and expected regulatory clarity to unlock significant institutional interest. He believes that stablecoins and institutions like insurance companies, pension funds, and endowments will drive the next phase of market expansion once there are clearer rules in place.

Related News