Pantera Founder Endorses Trump’s Bitcoin Reserve Proposal as a Smart Policy
Dan Morehead, founder of Pantera Capital, expressed strong support for President-elect Donald Trump’s proposal to create a strategic Bitcoin reserve for the U.S. during a CNBC interview.
He highlighted the limitations of traditional U.S. reserves, such as gold, and advocated for digital assets like Bitcoin, calling it a more efficient alternative. Morehead pointed out that the U.S. already holds 1% of the world’s Bitcoin, suggesting it should increase its holdings to lead in the digital asset space. His views align with recent legislative efforts like the BITCOIN Act of 2024, which proposes that the Treasury acquire 1 million Bitcoins over five years.
Clever Robot News Desk 19th December 2024
