Bitcoin ‘Much Better Than Gold’ As Reserve Asset, Says Crypto Hedge Fund Founder
Posted On December 13, 2024
Pantera Capital founder and managing partner Dan Morehead believes that cryptocurrency is a burgeoning asset class still largely untapped by institutional investors.
What Happened: Speaking in an interview with CNBC on Thursday, Morehead emphasized the transformative potential of blockchain technology, likening it to other emerging markets of the past.
“This is very similar to commodities in the 80s, emerging markets in the 90s, or mortgages in the 70s and 80s,” Morehead explained. “It’s just a new asset class. Most people don’t have exposure to it yet.”
Morehead pointed to regulatory uncertainty as one of the primary barriers preventing institutional participation.
He noted that ongoing lawsuits involving …
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