Odaily Planet Daily News - Dan Morehead, founder and executive partner of hedge fund and venture capital firm Pantera Capital, recently discussed the evolution of cryptocurrency adoption in the United States and potential changes in the coming year on CNBC's (Fast Money) program. In the interview, Morehead talked about the proposal by elected President Trump to establish a strategic Bitcoin reserve and expressed strong support for this initiative. He said, "I think this is actually a very important thing. When you are the world reserve currency, you don't need to store other currencies." Morehead elaborated on the current state of U.S. reserves, noting, "The U.S. has no other currencies. It holds $600 billion in gold, which is an astonishing amount. That is equivalent to 11 million years of American workers' wages, so that's a bit crazy." He advocates for a transition to digital assets, stating, "Move towards digital gold. Bitcoin is much better, so I think this makes complete sense." While emphasizing the government's existing holdings, Morehead mentioned, "The U.S. already owns 1% of the world's Bitcoin. Maintain that ratio and increase that ratio. So I think this is indeed a very good policy. Several countries already own Bitcoin. If the U.S. can take the lead, that would be great."

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