Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Pantera Capital founder supports Trump's proposal to establish a strategic Bitcoin reserve

Pantera Capital founder supports Trump's proposal to establish a strategic Bitcoin reserve

CointimeCointime2024/12/18 06:33
By:Cointime

On December 18th, Dan Morehead, founder and executive partner of hedge fund and venture capital firm Pantera Capital, discussed the evolving landscape of cryptocurrency adoption in the United States and potential changes in the next year on CNBC's "Fast Money" program. During the interview, Morehead talked about President-elect Trump's proposal to establish a strategic Bitcoin reserve and expressed strong support for this initiative. He said: "I think it's actually a very important thing. When you're the world's reserve currency, you don't need to hold other currencies."

Morehead elaborated on the current state of the US reserve, stating: "The US doesn't have any other currency. It stores $600 billion in gold, which is an amazing amount. This is equivalent to the wages of 11 million US workers for a year, so it's a bit crazy."

He advocated for a transition to digital assets, stating: "Transition to digital gold. Bitcoin is much better, so I think it makes perfect sense." When emphasizing the government's current holdings, Morehead mentioned: "The US already owns 1% of the world's Bitcoin. Keep that proportion, increase that proportion. So I think it really is a very good policy. Several countries already own Bitcoin. It would be great if the US could lead the way."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!