Dan Morehead, CEO and founder of Pantera Capital, joins Real Vision CEO Raoul Pal to discuss the current macro setup and its relationship to crypto as well as why this crypto bull market is different from the last and what the potential benefits could be from incoming regulations. Morehead explains what the focus at Pantera Capital has been over the past several months, including what he expects to outperform in the crypto sector. He also describes how he sees the crypto ecosystem evolving over the next few years and why the entry of Paypal into the crypto space is significant. Filmed on December 8, 2020. Key Learnings: With his extensive knowledge of the macro world, Morehead brings a wealth of expertise to the crypto space, and he expounds on what factors may have contributed to the recent surge in crypto interest and value. He describes why Bitcoin will likely continue to do well; however, he elaborates on why he expects other crypto assets to outperform and why Bitcoin might not be able to outperform some smaller assets in the sector.