'There's Been a Zero-to-One Switch for Institutions and Crypto:' Pantera's Dan Morehead

In this week’s episode, we speak with Dan Morehead, the founder of one of the longest-standing and largest crypto funds. Dan founded Pantera Capital in 2003 as a global macro hedge fund. In 2013, Pantera began investing in Bitcoin and quickly shifted its entire focus into crypto. Today, Pantera manages $3.8 billion in digital assets and equity in blockchain companies. Dan said Pantera is planning on increasing the Bitcoin exposure on its liquid tokens fund from zero to somewhere in the teens, while its main bet will remain DeFi. Dan is most excited about what he views is a shift in institutions’ interest in crypto. Firms which had told him they would never come close to holding crypto, are now wanting to dip their toes. And in a still small market, that has the potential to make big waves. Thanking our sponsors:

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[devtime]

0:00 Intro
0:45 What made Dan shift his focus to Bitcoin in the first place?
3:12 In 2013 did you shift Pantera completely into crypto or was it more gradual?
3:59 Overview of Panteras funds and which one has performed the best?
7:08 As a fund manager, how do you manage to differentiate the value proposition of each token when each performs so similarly?
11:02 How much did they raise for their blockchain fund?
12:22 What do you evaluate on your liquid token investments to ensure they are the top ones?
13:53 How do you pick those small cap tokens? What do you look for to ensure you are picking the ones with the best gains?
15:52 What are good indications that a project will be able to rally a good community behind it?
16:50 You’ve said DeFi is one of the biggest opportunities in the space; why do you think that is the case?
19:15 How big do you think DeFi can be?
20:10 How involved are you in the aspects of DeFi? (staking, yield-farming, governance, etc)
22:44 How actively are you trading these tokens?
24:57 How big is the liquid token fund?
25:10 How the fund is trading
25:45 Are you using only centralized exchanges or decentralized exchanges as well?
26:20 What is driving your current relocation of some funds from DeFi to Bitcoin?
27:04 What do you take into account to make these moves?
28:13 Do you have a percentage weight (of BTC) that you are aiming for in that fund?
28:40 What is your latest price prediction for Bitcoin?
29:57 How do you think the recent topics around Bitcoin will affect the public's perception and demand for crypto?
34:40 What are your thoughts on the regulatory front? Do you expect the US to become more unfriendly towards the industry?
36:20 Going forward, how do you think the macro environment will impact crypto?
40:32 How sustainable is this crypto trend, will it eventually pop?
45:05 How much do you think Bitcoin will gain and what price will it achieve?
45:46 How about for ETH?
46:12 Why do you think ETH will outperform BTC?
47:00 What are your thoughts on NFTs? Are you investing in any?
49:55 What are you most excited about that's happening in crypto?
51:11 What kinds of institutions are looking into the space and how will that change the industry?
53:03 Outro

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[stevengreener]

You do a great interview. Well with the tone to watch and listen. Thanks.

[davycrockett]

Thanks for the content. True what he says Defi is modernizing the financial world.

[DikyArga]

I'm simple man, I see Dan Morehead, I click

[jamescharlesl]

Investing in crypto is the best way to earn financial freedom.

[martinlutherkingjr.]

0 -> 1 but what scale is he referring to? Is this binary so institutions are all in?

[nominamagica]

successful guy with wired old apple earphones lol i love it!

[adriancole]

NO BODY BECOMES MILLIONAIRE OR A BILLIONAIRE'S BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRING MILLIONS OF DOLLARS, AND CONSISTENCY BRING BILLIONS, THE MARKER IS ALL ABOUT BTC AT THE MOMENT NOW.

[pootieputin]

Freeze Dried Bitcoin.... just add intrinsic value...

[christophecocqueel]

How can you be so rich and have such a bad microphone?

[zzFishstick]

Could they not find a better interviewer?