A Bitcoin Price of $115,000 Next Year? - Ep.124
Dan Morehead, CEO of Pantera Capital, talks about the coronavirus and its impact on the economy and on Bitcoin. We discuss: why he thinks the US won't have a V-shaped recession how the government's monetary and fiscal policy will affect the...
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Show Notes
Dan Morehead, CEO of Pantera Capital, talks about the coronavirus and its impact on the economy and on Bitcoin. We discuss:
- why he thinks the US won't have a V-shaped recession
- how the government's monetary and fiscal policy will affect the recovery
- how this looks similar to what he saw when he traded in Japan in the early 1990s
- why tokens are outperforming venture
- whether or not Bitcoin is uncorrelated or if that narrative is changing
- where he thinks Bitcoin will go — and whether the rest of the crypto market will go with it
- and what he thinks will happen after the halving
- and why his projection is that Bitcoin could reach $115,000 in 2021
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Episode links:
Dan Morehead: https://twitter.com/dan_pantera
Pantera Capital: https://www.panteracapital.com
Pantera's April 2020 newsletter: https://medium.com/@PanteraCapital/macro-impact-on-bitcoin-pantera-blockchain-letter-april-2020-1fdc792d4f33
Pantera's March 2020 newsletter: https://medium.com/@PanteraCapital/crypto-in-this-crisis-pantera-blockchain-letter-march-2020-4c73af3aaaf7
Links from news recap: