Pantera Capital founder supports Trump's proposal to establish a strategic Bitcoin reserve

Dan Morehead, founder and managing partner of hedge fund and venture capital firm Pantera Capital, recently discussed the evolving landscape of cryptocurrency adoption in the United States and potential changes in the coming year on CNBC's "Fast Money" program. In the interview, Morehead talked about President-elect Trump's proposal to establish a strategic Bitcoin reserve and expressed strong support for the move. He said: "I think this is actually a very important thing. When you are the world's reserve currency, you don't need to store other currencies." Morehead elaborated on the current status of the US reserves, noting: "The United States has no other currency. It stores $600 billion in gold, which is an astonishing amount. This is equivalent to the wages of 11 million American workers for a year, so it's a bit crazy." He advocated for a transition to digital assets, saying: "Move to digital gold. Bitcoin is much better, so I think it makes perfect sense." When highlighting the government's existing holdings, Morehead mentioned: "The United States already has 1% of the world's Bitcoin. Keep that ratio, increase that ratio. So I think this is really a very good policy. Several countries already have Bitcoin. It would be great if the United States could lead."