{"id":71141,"date":"2026-02-06T00:31:32","date_gmt":"2026-02-06T00:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71141"},"modified":"2026-02-06T00:31:32","modified_gmt":"2026-02-06T00:31:32","slug":"governments-will-try-to-buy-1-million-bitcoin-each-within-3-years-pantera-ceo","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71141","title":{"rendered":"Governments Will Try to Buy 1 Million Bitcoin Each Within 3 Years: Pantera CEO"},"content":{"rendered":"
\n

Pantera Capital CEO Dan Morehead told attendees at Ondo\u2019s conference that sovereign competition could become the next big driver of bitcoin demand, predicting what he called a \u201cglobal arms race\u201d for BTC \u201cwithin the next two or three years\u201d as countries rethink reserve strategy in a more fractured geopolitical environment.<\/p>\n

\u201cI would say my one very out of consensus view is I think there will be a global arms race for Bitcoin within the next two or three years,\u201d Morehead said<\/a>. \u201cCountries like the United States are establishing strategic Bitcoin reserves. Countries that are aligned with us like the UAE are acquiring cryptocurrencies, Bitcoin.\u201d<\/p>\n

He argued the larger shift would come when adversarial blocs decide it\u2019s strategically reckless to warehouse national savings in assets seen as vulnerable to US pressure. \u201cThe big one though is\u2026 countries that are antagonistic to the United States will realize like China<\/a>, super crazy to have a thousand years of your life savings stored in an asset that Scott Bessent<\/a> can\u2019t cancel,\u201d Morehead said. \u201cThat is crazy. It\u2019s way smarter to buy Bitcoin.\u201d<\/p>\n

Morehead then sketched out the scale he believes could follow. \u201cI think within two or three years there will be an arms race with three or four groups, regions each trying to buy a million bitcoins,\u201d he said. \u201cand you just want to be long before that happens.\u201d<\/p>\n

Morehead Stays Structurally Bullish On Bitcoin<\/h2>\n

After the arms-race thesis, Morehead stepped back to explain why he thinks recent market weakness fits a familiar pattern rather than a broken narrative. He admitted 2025 surprised him given what he described as a more favorable policy backdrop. \u201cIf you had asked me on New Year\u2019s Day 2025\u2026 you would have said crypto up or down I would have said up and it was down 9% last year,\u201d he said.<\/p>\n

His takeaway: crypto still trades in hype cycles, and the psychology repeats. \u201cThis is actually our fourth cycle in 13 years of trading,\u201d he said, describing the swing from \u201cwe all think we\u2019re geniuses\u201d in bull markets to \u201cit\u2019s failed\u201d in down markets. The antidote, he argued, is time horizon: \u201cfive ten years down the road\u201d and respect for bitcoin\u2019s four-year rhythm<\/a>.<\/p>\n

Morehead pointed to a past Pantera call as evidence the cycle framework can still map price behavior. The firm projected bitcoin would hit $117,452 on Aug. 11, 2025\u2014\u201cand it did literally that day,\u201d he said. He also acknowledged the usual temptation to declare an exception: \u201cI was like, \u2018Oh, no. This time\u2019s different.\u2019\u201d Then he added: \u201cand it wasn\u2019t different.\u201d<\/p>\n

On demand, Morehead highlighted two relatively new channels that, in his view, pulled forward large amounts of buying: \u201cpublicly listed ETFs and then publicly listed digit[al] treasury companies<\/a>.\u201d He said investors \u201cpiled into them\u201d and that \u201ccollectively they bought over a hundred billion of crypto,\u201d before suggesting the market can cool once that first wave is absorbed.<\/p>\n

Morehead\u2019s longer-term case centered on monetary debasement and bitcoin\u2019s fixed supply. \u201cThe willingness of all constituents just to print money is just off the charts now,\u201d he said. He described steady erosion in fiat purchasing power as a rational catalyst for hard-asset allocation. \u201cPaper money is being debased at 3% every year,\u201d he said, arguing that it makes assets with constrained supply like gold or bitcoin structurally attractive.<\/p>\n

He also addressed the gold-versus-bitcoin tug-of-war, saying rotations are normal and pointing to ETF flows as evidence both trades are now institutionalized. \u201cThe total inflows to ETFs for both gold\u2026 and digital gold, Bitcoin are about the same over the last couple years,\u201d he said. Over a longer horizon, his conviction was explicit: \u201cIn 10 years from now, Bitcoin will massively outperform gold.\u201d<\/p>\n

On institutions, Morehead argued skepticism at the top remains a bullish signal because positioning is still light. \u201cHow can you have a bubble nobody owns?\u201d he said, adding that \u201cthe median holding for institutional investors\u2026 is literally 0.0.\u201d In his view, the list of reasons to avoid bitcoin has shortened dramatically, even if adoption at the largest firms is lagging.<\/p>\n

At press time, BTC traded at $69,418.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Pantera Capital CEO Dan Morehead told attendees at Ondo\u2019s conference that sovereign competition could become the next big driver of bitcoin demand, predicting what he called a \u201cglobal arms race\u201d for BTC \u201cwithin the next two or three years\u201d as countries rethink reserve strategy in a more fractured geopolitical environment. \u201cI would say my one […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-71141","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71141"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71141\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}