TechFlow news — On December 18, Dan Morehead, founder and managing partner of hedge fund and venture capital firm Pantera Capital, recently discussed the evolving landscape of cryptocurrency adoption in the U.S. and potential changes over the coming year during an appearance on CNBC’s “Fast Money.” In the interview, Morehead addressed President-elect Trump’s proposal to establish a strategic Bitcoin reserve, expressing strong support for the idea. He said: “I think this is actually something very significant. When you're already the world's reserve currency, you don't need to hold other currencies.”
Morehead elaborated on the current state of U.S. reserves, noting: “The U.S. doesn’t hold other currencies. It holds $600 billion in gold, which is an astonishing amount. That’s equivalent to 11 million years of American workers’ wages—so that’s kind of crazy.”
He advocated for a shift toward digital assets, stating: “Move into digital gold. Bitcoin is far better, so I think this makes perfect sense.” Emphasizing existing government holdings, Morehead added: “The U.S. already owns 1% of all Bitcoin globally. Maintain that percentage, increase it. So I really think this is an excellent policy. Several countries already own Bitcoin. If the U.S. can take the lead, that would be great.”
