Crypto Is The Only Hiding Place In Front Of Economic Apocalypse, Pantera Capital CEO Says

The mass adoption of crypto has been one of the most important goals out there are great things continue that take this target closer to achievement. Check out the latest reports about the mainstream adoption of digital assets.

Pantera Capital founder and CEO Dan Morehead says that crypto could eventually become the only safe asset class investors can turn to during the next economic downturn.

In a new interview on the Bankless YouTube channel, he explained all the reasons for which he thinks crypto assets may end up being a lifeboat for investors facing chaos in the broader financial markets.

“I’m massively bullish on crypto right now and I think that the reason is because every two years, for the last 10 years, an order of magnitude more people come into crypto, so I think that steady flow of just smart people reading about it is coming.”

He continued and said:

“But the other asset classes being destroyed think is going to sink in. Basically, there’s almost nowhere to hide. That’s why we call it the ‘great unwind.’ Everything except crypto I think is really going to be impacted.”

He also said that the crypto markets will prove to have a unique resiliency towards tightening monetary policy.

Unlike bonds, real estate, and equities, Morehead said that crypto assets will likely be unfazed by rising interest rates. This is very important because it’s something that most market participants are already anticipating.

“If we’re even partly right, bond yields are going to go to five percent or higher, obviously that crushes bond prices but it has to impact stocks and real estate and anything else that has a discounted cash flow.”

He continued:

“So I think for a normal investor looking at the kind of normal asset classes…they’re going to just say ‘hey, if we have money to put to work, it’s hard to imagine putting it to work in any of these other things,’ and crypto should be completely disconnected from interest rates.”

Stay tuned for more news.