BlockBeats reported on December 18 that Dan Morehead, founder and managing partner of Pantera Capital, a hedge fund and venture capital institution, discussed the evolving landscape of cryptocurrency adoption in the United States and potential changes in the next year on CNBC’s “Fast Money” program.
During the interview, Morehead expressed strong support for President-elect Trump’s proposal to establish a strategic Bitcoin reserve. Morehead believes this would be a significant step for the United States as the world’s reserve currency. He also mentioned the current state of U.S. reserves, with $600 billion in gold stored, and advocated for a transition to digital assets like Bitcoin.
Morehead believes the United States already owns 1% of the world’s Bitcoin and should maintain or increase this ratio, making it a good policy for a few countries to have Bitcoin. (Source: Bitcoin)
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