- Dan Morehead, a former Tiger Management executive, founded the $3.5 billion Pantera Capital in 2003.
- He explains why profit opportunities are outside of bitcoin and ethereum in the next few years.
- He also breaks down why now is actually the best time to buy given human nature is pro-cyclical.
For someone who has spent his entire career looking for “very asymmetric trades” where the “upside is way bigger than the downside,” Dan Morehead is betting on bitcoin to be the biggest such trade yet.
“It is going against all of the biggest markets on earth,” Morehead, chief executive and co-chief investment officer of the $3.5 billion crypto hedge fund Pantera Capital, said in a Tuesday call for his new blockchain fund launch.
Morehead, who was the former head of macro trading and chief financial officer at Julian Robertson’s Tiger Management, launched Pantera Capital Management in 2003 where he managed over $1 billion in a global macro strategy for institutional investors. In 2013, the firm launched the first cryptocurrency fund in the US when bitcoin was trading at $65.
