Pantera Founder: Bitcoin Has Reached "Escape Velocity," Won't Retreat Again

BlockBeats News, December 26th, Pantera founder Dan Morehead stated in a recent interview that in 2013 people were concerned about regulatory agencies shutting down Bitcoin. In 2024, the situation is completely different, with Bitcoin reaching "escape velocity" and not looking back.

In 2013, media reports were mostly negative, focusing on the Silk Road dark web incident and overlooking the positive impact. Most Americans are under 40 years old, but over the past three years, 90% of the wealth created by the Federal Reserve and Congress's monetary policy has flowed to the over 70 age group, which is actually a massive wealth transfer from the younger generation to the elderly.