Finding 1,000x Assets & Asymmetric Returns | Dan Morehead of Pantera Capital
Description
How do you find an asset with 1000x asymmetric return? How do you find the next bitcoin?
Our guest today is Dan Morehead, founder and managing director at Pantera Capital. He has been buying bitcoin since 2013 when the price was just $65. His fund is up over 100x since then.
There’s a lot to learn from Dan’s story, about early bitcoin history, but also the pattern recognition required to identify asymmetric assets. We cover price predictions, 4 year cycles vs a supercycle, how much upside is still in crypto, the trump administration and his thoughts on a strategic bitcoin reserve
------
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BUG BOUNTY PROGRAM
https://bankless.cc/Uniswap-Bug-Bounty
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
📈 iYield: YOUR FINANCIAL PICTURE, SIMPLIFIED
https://bankless.cc/iYield
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/1?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS
0:00 Intro
6:00 The Email from 2013
14:15 Asymmetric Patterns
17:50 Buying Bitcoin in 2013
26:25 Onboarding Investors
32:12 Crypto's Global Adoption
37:15 Bitcoin's Escape Velocity
43:19 US Government Impact on Crypto
52:21 Global Bitcoin Race
56:14 Institutional Adoption for Crypto
1:04:37 Crypto Cycles
1:09:20 2025 Bull Market?
1:12:53 Macro Environment
1:16:50 Tokenization
1:21:18 Thoughts on AI
1:24:19 The Next Bitcoin
1:26:46 Future Plans
1:27:23 Closing & Disclaimers
------
RESOURCES
Dan Morehead
https://x.com/dan_pantera
Pantera Capital
https://panteracapital.com/
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
United States
