Founder of Pantera Capital: Bitcoin is still working well and will mature in this crisis

Dan Morehead, founder of Pantera Capital, said: "This will be an important time to prove the function of Bitcoin. Bitcoin was born in a financial crisis, and it will mature in this crisis. I really believe this is true . Satoshi Nakamoto created Bitcoin as a response to the last financial crisis, the use case will shine here. Now many companies are frozen and unable to operate, and Bitcoin is still working well. In a paper currency is the earth In the era of the least scarce things, an unprecedented number of banknotes were created, so their value will not rise. You can make many consumer goods, but their value will not rise. But scarce assets will. So, gold, 5000 It has been a huge store of value for many years, and it will not disappear tomorrow. I think bitcoin is better than gold, but they are similar. "