insurance

Hedera

Bitcoin

Dan Morehead, founder and managing partner of Pantera Capital, made it clear that he thinks crypto is a better reserve investment than gold.
Speaking with <a href="https://www.youtube.com/watch?v=QKOk7APcbpQ" target="_blank" rel="noopener noreferrer nofollow">CNBC on Thursday</a>, Morehead compared the development of blockchain technology to historical financial innovations and expressed some serious optimism about the crypto and blockchain space — especially as more and more institutions expose themselves to it.
“Presently, most institutions really have almost zero exposure to blockchain, so once they start engaging in the space, it should do well,” he said.
Morehead cited regulatory uncertainty as a key hurdle for <a rel="noopener noreferrer nofollow" href="https://crypto.news/is-now-the-time-to-buy-bitcoin-stocks-as-institutional-adoption-increases/">institutional adoption,</a> pointing to ongoing legal actions involving major crypto firms.&nbsp;
These developments, he noted, have created hesitation among pension funds, endowments, and other large investors. He called for clearer <a href="https://crypto.news/trump-considering-fdic-rebuild-raising-crypto-industry-hopes/" target="_blank" rel="noopener noreferrer nofollow">regulatory guidelines</a> to facilitate broader institutional participation in the market.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/what-is-hedera-hashgraph/"> What is Hedera Hashgraph? HBAR crypto explained </a>
<h2 class="wp-block-heading" id="bitcoin-is-better-than-gold">Bitcoin is better than gold</h2>
One of Morehead’s bold claims was that Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) outperforms <a href="https://crypto.news/tag/gold" target="_blank" rel="noopener noreferrer nofollow">gold</a> as a reserve asset. Highlighting the U.S. government’s current gold reserves, he argued that Bitcoin offers a more efficient alternative for national reserves.&nbsp;
According to Morehead, the U.S. already owns 1% of the world’s Bitcoins, and it would be great for the U.S. to take the lead in Bitcoin holding
“Go to digital gold, Bitcoin, it’s much better,” he said.
He also expressed optimism about the long-term trajectory of cryptocurrency markets, noting that Bitcoin’s price performance has consistently doubled annually over the past decade.&nbsp;
“Bitcoin has more than doubled this year… but that’s not unusual,” he said
Morehead suggested that 2025 could be a pivotal year for crypto, with regulatory clarity expected to unlock significant institutional interest. He also sees stablecoins as an area poised for growth.
While some major corporations remain hesitant to add Bitcoin to their balance sheets, Morehead believes insurance companies, pension funds, and endowments will drive the next phase of market expansion. With clearer rules, he argued, institutions will increasingly view blockchain as a viable asset class.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/riot-acquires-5117-btc-for-510m/"> Riot acquires 5,117 BTC for $510m </a>

Pantera founder: ‘Bitcoin is better than gold’ as a reserve asset

Table of Contents

crypto.news

Other articles published on Dec 13, 2024

Magic Eden Now Compatible with BNB Smart Chain

China-US Tensions: Nvidia Under Scrutiny From Chinese Regulators

Winter Meme Bull Run: 5 Meme Coins Poised for Explosive Growth — Act Now!

Analyst Says Shiba Inu Is Now About To See A 150% Rally

The Bank of England Takes Action for Bitcoin (BTC) and Cryptocurrencies!

Why Is the Crypto Market Down Today?

Join our free newsletter for daily crypto updates!