Latest news with #DanMorehead
Yahoo
6 days ago
- Business
- Yahoo
Why crypto OG Dan Morehead believes investors should look beyond Bitcoin
When Dan Morehead—featured guest on the latest episode of Fortune's Crypto Playbook podcast—first started digging into Bitcoin in 2013, he decided to leave behind his long career in traditional finance and throw all his chips into the world of cryptocurrencies. A former trader at Goldman Sachs and Tiger Management, Morehead felt that Bitcoin represented a financial revolution—and his bet paid off. Since Morehead first purchased Bitcoin for under $100, the price has erupted to well over $100,000—thanks in part to all of his former colleagues on Wall Street piling into the once-renegade asset. But unlike many of those who came to the currency early, Morehead is not a 'Bitcoin maxi' who shuns other coins. Rather, he has used his investment firm, Pantera Capital, to back many other crypto projects, including prominent ones like Ripple Labs and Solana. In doing so, Morehead has ridden the industry's success to over $4 billion in assets under management. In his interview on Crypto Playbook, Morehead made the case for investing in other blockchains and projects. 'There isn't just one internet company, right?' he said. 'That's the way I think of blockchain.' Bitcoin vs. the rest Among cryptocurrencies, Bitcoin still remains king, with a market cap of over $2 trillion. Ethereum, the second largest, has a market cap of just $435 billion. But investors like Morehead argue that, despite its dominance, Bitcoin's use cases remain more limited, especially as proponents continue to push for decentralized financial applications like payments and lending. Other blockchains, such as Ethereum and Solana, offer advantages that Bitcoin does not, including speed, programmability, and lower transaction fees. While other crypto assets may not have Bitcoin's 'escape velocity,' as Morehead puts it, they do have upside as different use cases continue to evolve. 'I think it is very important for people to be invested in this space, but do it sensibly,' he said. 'Don't do more than you could afford to lose, and as long as you can hold it.' 'In 20 years, everybody will have crypto,' he added. Despite the explosion in crypto prices, few projects have been able to achieve the mainstream success of Bitcoin, which is still mostly limited to a store of speculative value. While Pantera has invested in a variety of fields, like on-chain gaming, none have achieved the status of 'killer app' or widespread adoption. Morehead pointed to stablecoins, a type of dollar-backed cryptocurrency, as a potential breakthrough for the broader industry, especially as banks and Big Tech companies explore the field. 'They're essentially the Trojan horse of crypto,' he said. 'As more and more corporations start including stablecoins, it'll just bring more people into the blockchain ecosystem.' Listen to the entire vodcast here. You can also find Morehead's interview—and future episodes of the Crypto Playbook—on Spotify, Apple, and YouTube. This story was originally featured on Sign in to access your portfolio
Bloomberg
23-06-2025
- Business
- Bloomberg
Energy in Focus as World Awaits Iran's Response to US Strikes
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." World braces for Iran's response to US airstrikes. Amidst uncertainty in the Middle East, oil spike fades while the US dollar rises, witnessing a cautious bounce in US stocks. Iran vows retaliation against the US as Investors are watching the Strait of Hormuz. And Dan Morehead joins Open Interest to talk about crytocurrency as a safe haven asset. (Source: Bloomberg)
Bloomberg
23-06-2025
- Business
- Bloomberg
Trading Cryptocurrencies Like Hard Assets
Dan Morehead, Pantera Capital, Founder and Managing Partner, joined Open Interest to talk about trading cryptocurrencies during times of geopolitical uncertainty and fundraising for companies in the crypto space with loosening regulations. (Source: Bloomberg)
Bloomberg
23-06-2025
- Business
- Bloomberg
Pantera's Morehead Says Equities 'Rich,' Favors Crypto
Pantera Capital founder and Managing Partner Dan Morehead says equity valuations are a bit rich compared to bonds and explains why he likes crypto over gold on "Bloomberg Open Interest." (Source: Bloomberg)
CNBC
22-05-2025
- Business
- CNBC
Pantera Capital CEO expects 'wave' of crypto companies to go public in next 6 months
Dan Morehead, founder and CEO of crypto hedge fund and venture capital firm Pantera Capital, sits down with CNBC's MacKenzie Sigalos at the crypto conference Consensus 2025.
