Episode notes
“We’re just still in the really, really early innings in this thing. 100 million people have it, and we think that’s awesome, but there will be 6 billion people with it in 20 years”
— Dan Morehead
Location: Squadcast
Date: Wednesday 11th November
Company: Pantera Capital & Galaxy Digital
Role: Co-Founder, CEO & Founder, CEO
2020 has been a year, unlike any other. With the coronavirus pandemic bringing the world to a standstill, the global economy is under significant pressure. Governments have needed to take action, and we have seen unprecedented levels of fiscal and monetary stimulus.
The current economic outlook highlights the bullish case for Bitcoin, and large institutions are beginning to take action. Microstrategy made the bold first move and put $425million of their treasury into Bitcoin. Michael Saylor's bold move sent a message to CEOs all over the world and shortly after Square followed suit with a $50million Bitcoin purchase.
So how seriously are institutions taking Bitcoin? And will we see a wave of institutional investment?
In this interview, I talk to veteran investors Dan Morehead, co-founder & CEO of Pantera Capital and Mike Novogratz, founder & CEO of Galaxy Digital. We discuss their first Bitcoin purchase, institutional interest & what they expect from Bitcoin in the coming years.
This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
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