ChainCatcher message, Pantera founder Dan Morehead stated in a recent interview that in 2013 people were concerned about regulators cracking down on Bitcoin, but in 2024 the situation is completely different; Bitcoin has reached 'escape velocity' and will not go backward.
In 2013, media coverage was largely negative, focusing on the Silk Road incident and ignoring the positive impacts. Although the U.S. once banned gold, now 50 million Americans hold cryptocurrencies. Most Americans are under 40 years old, but in the past three years, 90% of the wealth created by the monetary policies of the Federal Reserve and Congress has flowed to those aged 70 and above, which is essentially a massive transfer of wealth from the younger generation to the older generation.