Bitcoin 'Much Better Than Gold' As Reserve Asset, Says Crypto Hedge Fund Founder
Bitcoin 'Much Better Than Gold' As Reserve Asset, Says Crypto Hedge Fund Founder
Morehead pointed to regulatory uncertainty as one of the primary barriers preventing institutional participation. Pantera Capital founder and managing partner Dan Morehead believes that cryptocurrency is a burgeoning asset class still largely untapped by institutional investors.
Pantera Capital创始人兼管理合伙人丹·莫尔黑德认为，加密货币是一种新兴的资产类别，在很大程度上仍未被机构投资者开发。
What Happened: Speaking in an interview with CNBC on Thursday, Morehead emphasized the transformative potential of blockchain technology, likening it to other emerging markets of the past.
发生了什么：在周四接受CNBC采访时，莫尔黑德强调了区块链技术的变革潜力，将其比作过去的其他新兴市场。
"This is very similar to commodities in the 80s, emerging markets in the 90s, or mortgages in the 70s and 80s," Morehead explained. "It's just a new asset class. Most people don't have exposure to it yet."
莫尔黑德解释说：“这与80年代的大宗商品、90年代的新兴市场或70年代和80年代的抵押贷款非常相似。”“这只是一种新的资产类别。大多数人还没有接触过它。”
Morehead pointed to regulatory uncertainty as one of the primary barriers preventing institutional participation.
莫尔黑德指出，监管的不确定性是阻碍机构参与的主要障碍之一。
He noted that ongoing lawsuits involving major crypto firms have created hesitation among pension funds, endowments, and other large players.
他指出，涉及主要加密公司的持续诉讼使养老基金、捐赠基金和其他大型参与者犹豫不决。
"It's been very unclear what is a security and what is not," he said, adding that clearer regulatory guidelines could pave the way for institutional adoption.
他说：“目前尚不清楚什么是证券，什么不是证券，” 他补充说，更明确的监管指导方针可能为机构采用铺平道路。
Despite these hurdles, Morehead remains optimistic about the long-term trajectory of cryptocurrency markets.
尽管存在这些障碍，但莫尔黑德仍然对加密货币市场的长期走势持乐观态度。
He highlighted Bitcoin's (CRYPTO: BTC) consistent performance over the past decade, stating, "Bitcoin has more than doubled this year, but that's not unusual—it's done that for 11 years in a row."
他强调了比特币（CRYPTO: BTC）在过去十年中的持续表现，他说：“比特币今年增长了一倍以上，但这并不罕见——它已经连续11年这样做了。”
Morehead also addressed the idea of the U.S. building a Bitcoin reserve, an idea recently floated by policymakers.
莫尔黑德还谈到了美国建立比特币储备的想法，这是决策者最近提出的想法。
"The U.S. already owns 1% of the world's Bitcoins," he remarked. "It would be great for the U.S. to get out in the lead. Bitcoin is much better than gold as a reserve asset."
他说：“美国已经拥有全球比特币的1％。”“如果美国处于领先地位，那将是件好事。作为储备资产，比特币比黄金好得多。”
Also Read: Bitcoin To Hit $160,000 By 2025 For These 3 Reasons: Report
另请阅读：由于这三个原因，到2025年，比特币将达到16万美元：报告
As for Pantera's portfolio, Morehead mentioned significant positions in tokens like Solana (CRYPTO: SOL) , The Open Network (CRYPTO: TON) and Ondo (CRYPTO: ONDO).
至于Pantera的投资组合，莫尔黑德提到了索拉纳（加密货币：SOL）、开放网络（加密货币：TON）和Ondo（加密货币：ONDO）等代币的大量头寸。
He highlighted the firm's strategy of maintaining long positions due to their confidence in crypto's potential for exponential growth.
他强调了该公司维持多头头寸的战略，因为他们对加密货币的指数增长潜力充满信心。
"We're typically long because we think the markets are going to go up another huge amount—possibly by another order of magnitude," he said.
他说：“我们之所以做多，通常是因为我们认为市场将再次大幅上涨——可能会再上涨一个数量级。”
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Image: Shutterstock
图片：Shutterstock
