ChainCatcher message, Pantera founder Dan Morehead shared his views on the development of Bitcoin in a recent interview. In 2013, people were full of doubts about the future of Bitcoin, worried that regulators would ban it. However, Morehead believes that by 2024, Bitcoin will have reached what is known as 'escape velocity', and will no longer easily retreat. 🚀
Looking back, the media held a negative attitude towards Bitcoin, focusing on the Silk Road incident while ignoring its potential positive impacts. Today, there are 50 million Americans holding cryptocurrencies, showing a significant change in the market. 💡
Nevertheless, Morehead pointed out that 90% of the wealth created by the monetary policy of the Federal Reserve and Congress over the past three years has flowed to those aged 70 and above, reflecting the transfer of wealth from the younger generation to the elderly. 📊