In this episode of the Bankless podcast, Dan Morehead, the founder of Pantera Capital, shares his journey with Bitcoin, recalling his early investment in 2013 and offering insights on the crypto landscape's future. Morehead discusses the difficulties he faced in acquiring Bitcoin during its early days and the challenges of securing funding, illustrating the unique risk and reward dynamics of that time. He stresses the importance of pattern recognition and a long-term perspective when spotting opportunities, drawing comparisons to his successful investments in Tesla and other emerging markets. Bullish on Bitcoin and the broader crypto sector, he anticipates significant growth fueled by rising adoption, technological innovations—especially the intersection of AI and blockchain—and a potentially supportive regulatory environment under a pro-crypto U.S. administration. Morehead also expects Bitcoin’s price to continue its four-year cycles, influenced by halving events, although he notes that the volatility may decrease over time.
