Dan Morehead pivoted his hedge fund – Pantera Capital – to a pure play crypto hedge fund before the rest in 2013 and has reaped the rewards since. He first bought Bitcoin when it was priced at $65 compared to the $115,000 price today. Dan talks in detail to Wilf about the extraordinary conviction he has in blockchain – “the most asymmetric trade of all time” – which has allowed him to maintain his positions in the face of massive gains and massive drawdowns. He outlines why he thinks blockchain will play a central role in the next decade and century of the financial industry, the attractions of Solana and why he has launched a Solana digital asset treasury company. He also explains why Bitcoin has won the use case of “digital gold” and won’t be surpassed in that. Dan reflects on the important change in approach from President Trump towards crypto; why he is a believer in digital asset treasury companies (like Tom Lee’s BitMine Immersion Technologies and Michael Saylor’s Microstrategy) over crypto ETFs; and one of the key bull arguments for the space – that ‘smart money’ institutions don’t own crypto…yet.
The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions
For more content like this, subscribe to The Master Investor Podcast Youtube Channel – https://www.youtube.com/@TheMasterInvestorPodcast
And follow @WilfredFrost on X – https://x.com/wilfredfrost?lang=en
And Linked In – https://www.linkedin.com/in/wilfred-frost-279667374/
This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.
I was there in 2013, remember buying my first 10 bitcoins for £72 each off localbitcoins! Followed by several similar purchases over the rest of that crazy year.
Since I'm sat here at home typing this, early retired since 2023, and still holding a few coins, I'd say it was definitely asymmetric for me!
Wilfred is a really reasoned, well educated, thoughtful, sensible and intelligent guy. Like many others he just cannot really get his head around this subject. The whole subject has so many layers to it, and yes crypto as a whole is full of the worst of things. Ultimately the world changes and stays the same, but as time goes on what people assume from an early age will change. Digital money/capital in some form will just be assumed and not dismissed like it is today.
great convo. please continue to cover blockchain/ETH in particular.
Great interview! Same as the ones you had with Tom Lee and Cathie Wood. I'm really looking forward to seeing Howard Marks!
Great podcast guys. I love it when I have to look up new words asymmetric trade.✌😍
Bitcoin has never gone below the low of the week that the presidential election happens which is every 4 years which was 65k give or take a lil✌
I can see why girls like the English accent hehe 😜
Check out the developers behind hyperliquid in my opinion the best decentralized platform with best devs.
Wow on the dats double wow rolled up‼
That’s not what he was asking what he was asking is will bitcoin go up enough so that he can pull little increments out to pay for his college tuition for his kids and other necessities. I’m pretty sure that’s what he meant.