Pantera founder: BTC has reached "escape velocity" and will not go back

ChainCatcher news, Pantera founder Dan Morehead stated in a recent interview that in 2013, people were worried about regulators cracking down on Bitcoin, but the situation is completely different in 2024. Bitcoin has reached "escape velocity" and will not go backward.

In 2013, media coverage was mostly negative, focusing on the Silk Road incident and ignoring the positive impacts. Although the U.S. once banned gold, now 50 million Americans hold cryptocurrency. Most Americans are under 40, but in the past three years, 90% of the wealth created by the monetary policies of the Federal Reserve and Congress has flowed to those aged 70 and above, which is essentially a massive transfer of wealth from the younger generation to the older generation.