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.
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I am laughing. Cryptos are not risk assets.😂 Yes, one day might become true because people like you kind of push so hard, finally people are convinced that cryptos are less risky than we think.😅
Brilliant interview and lots of takeaways. Thank you!🙏
XRP🎉
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
HSDT 6.97$, awesome to hear DAN , thank you Wilfred Frost.
Crypto is arguably a bubble by definition, with no underlying fundamental value or cash flows. Its value depends entirely on the expectation of a greater resale price. A pop in this market would erase pure speculative value, leaving nothing behind.
I’ve been losing money in live trading after doing well on demo accounts. I thought they were the same, but clearly, I was wrong. Can anyone share tips on how to manage emotions, discipline, and risk when trading real funds?
Did he say take plunge, as if he owns no Bitcoin?
YOUR DREAMING
Other important layer ones?!😂 you mean one’s that you are investing in the startup of😂 a salesman needs to sell I guess🤷♂️🤣
There is no second best….. for obvious reasons.