Bitcoin's Coming of Age with Dan Morehead
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SHOW DESCRIPTION
Location: Zoom
Date: Friday, 3rd April
Project: Pantera Capital
Role: Co-Founder & CEO
Markets around the world have posted their worst quarterly results in decades with the FTSE, DJI, S&P500 and many others down over 20%. While the coronavirus pandemic is certainly the catalyst behind this drop, it may have been the pin that popped the global economy propped up by cheap credit.
With the markets falling, the forced closure of businesses and unemployment at record levels, governments around the world have taken unprecedented action with their monetary and fiscal policies.
With huge amounts of quantitative easing globally, this economic event again highlights the benefits of Bitcoin’s monetary policy. It was created in the wake of the 2008 financial crisis, born out of years of cheap credit and poor government oversight. Now nearly 12 years since its creation, we are again in a time of financial crisis. So, could this crisis lead people to a non-sovereign, global, immutable, digital, decentralised, hard money?
In this interview, I talk to Dan Morehead, a veteran investor and the co-founder & CEO of Pantera Capital. We discuss the effect of coronavirus on the economy, how the markets will recover, and Bitcoin’s coming of age.
TIMESTAMPS
00:03:45: Introductions
00:05:50: San Francisco and Covid-19
00:06:37: Background to Dan
00:08:35: Current situation with Covid-19
00:11:37: Why GDP growth is so important
00:14:05: Impact on global supply chains
00:16:46: Free markets
00:18:45: Company bailouts
00:19:48: Parallels with historical events
00:23:53: Monetary and fiscal policies
00:27:16: Risk of hyperinflation
00:35:07: Holding wealth in Bitcoin, gold and paper cash
00:40:21: Is Bitcoin decoupling from the S&P500?
00:43:36: Personal thoughts on Bitcoin
00:48:35: Influx of macro investors into Bitcoin
00:50:19: Lack of valid, coherent arguments against Bitcoin
00:52:24: Stablecoins
00:55:27: Economic recovery from Covid-19
00:58:45: Real estate and the housing market
01:00:29: Final comments
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SHOW NOTES
Connect with Dan:
On Twitter
On LinkedIn
On Crunchbase
Connect with Pantera Capital
On Twitter
On LinkedIn
On Crunchbase
On their Website
Mentioned in the interview:
Pantera Capital CEO - BTC Will Come of Age in Crisis May Top All Time High
Experts Say the Fed's QE Program Will Strengthen Bitcoin – One Way or Another
Bank of Canada Starts Quantitative Easing With $1 Billion Bond Purchase
Fed Slashes Rates to Near Zero as US Economy Braces for Virus
Coronavirus: Treasury trebles monthly borrowing plans for virus
The huge coronavirus bailouts will need to be paid back. Or will they?
Coronavirus: 'Radical' money printing plan being considered by the Bank of England
Coronavirus batters US economy as 6.65m file for unemployment last week
What the 1918 flu pandemic can teach us about coronavirus drug trials | Laura Spinney
Other relevant WBD podcasts:
WBD209: Is Coronavirus a Challenge to Political Identity with Andreas M. Antonopoulos
WBD208: A Libertarian Response to Coronavirus with Scott Horton
WBD207: The Social & Economic Impact of Coronavirus with Raoul Pal
WBD192: Beginner’s Guide #11: Bitcoin and the Macroeconomy with Travis Kling
WBD160: Dan Tapiero on Why Bitcoin and Gold Are Both Important