Pantera CEO, Dan Morehead’s Insights on Bitcoin & Crypto

Great interview with CNBC on Dan Morehead, founder and CEO Pantera Capital. Morehead shared great insight on Bitcoin, opportunity, mining, starting your own coin and more.

Morehead said: “For the big blockchains like bitcoin, ethereum and ripple, we’re in the first innings of a multi-decade thing”.

Morehead, who bought bitcoin when it was at just $72 said there’s going to be some ups and downs, but in a in a year from now, it’ll be much higher than it is today because its not just a store of value but a payment rail, digital gold and its ability to disrupt correspondent banking. Bitcoin is currently trading at $17,032.

In 2003, Morehead founded Pantera Capital, an institutional investment firm focused exclusively on digital currencies and related companies. In 2013, Pantera launched its first cryptocurrency fund. The company said the fund gained 60 percent in November and December, and more than 12,000 percent in four years.