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

Dan Morehead, founder of Pantera, said in a recent interview that in 2013 people were worried about regulators banning Bitcoin, but in 2024 the situation is completely different. Bitcoin has reached "escape velocity" and will not go back. In 2013, media reports were mostly negative, focusing on the Silk Road incident and ignoring the positive impact. Although the United States once banned gold, 50 million Americans now hold cryptocurrencies. Most Americans are under 40 years old, but in the past three years, 90% of the wealth created by the monetary policies of the Federal Reserve and Congress has flowed to people over 70 years old. This is actually a huge wealth transfer from the younger generation to the elderly.