Pantera Capital CEO Dan Morehead forecasts that Bitcoin will significantly outperform gold over the next ten years, citing the debasement of fiat currencies and the fixed supply of Bitcoin as key factors. Speaking at the Ondo Summit in New York, Morehead emphasized the rationality of investing in assets with limited supply, like Bitcoin and gold, amid ongoing currency devaluation.
Morehead highlighted the minimal institutional exposure to cryptocurrencies despite recent developments such as Bitcoin ETFs, suggesting that the barriers to institutional investment are diminishing. He noted that blockchain's historical returns and low correlation with traditional stocks make it an attractive asset class for diversification. Tom Lee, Chairman of Bitmine Immersion, echoed these sentiments, pointing to the increasing integration of blockchain technology into the financial system and the potential for crypto to become a seamless part of everyday life.
Pantera CEO Dan Morehead Predicts Bitcoin to Outperform Gold Over Next Decade
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