"Bitcoin still has several decades of excess returns," Dan Morehead, founder and chief executive of Pantera Capital, said at the Consensus 2025 conference in Toronto, stressing Pantera's continued confidence in the asset class. Morehead advised investors to "invest in a broad range of tokens and venture equity" to capitalise on rapidly evolving market opportunities.
He made a rare disclosure that Pantera was 86 per cent profitable in its portfolio and had invested in 22 unicorns valued at more than $1 billion. He also criticised US delays in crypto regulation, saying that "90 per cent of crypto transactions and protocols are outside the US - that's not right". But he was also optimistic: "The election victory is a huge unlock", hoping that capital and innovation will return to the US in the coming years.
Pantera CEO: Bitcoin still has the potential for excessive returns in the coming decades
2025-05-14 20:01:35
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