The Current Macro Backdrop for Crypto
Dan Tapiero, founder of DTAP Capital, joins Dan Morehead, founder of Pantera Capital to discuss the current macro climate and how it will impact the cryptocurrency space. Moorehead states, “the tsunami of paper money is going to float a lot of boats,” explaining how hard assets like gold and Bitcoin will benefit from the rampant central bank money printing. He predicts that many industries will be slow to recover from the impacts of the corona virus and that this will spur increased monetary and fiscal stimulus. Filmed on June 25, 2020. Key Learnings: Bitcoin and other cryptocurrencies are well positioned in the current macro setting to do very well. If governments have no choice but to continue stimulus and devalue fiat dollars, it seems that Bitcoin could have significant value appreciation, as well as, Gold, and even equities as people flee from inflation.