Pantera Capital CEO: U.S. Treasuries Are the Biggest Ponzi Scheme in History, Cryptocurrencies Are a Better Option


Dec. 8, Dan Morehead, founder and CEO of cryptocurrency fund Pantera Capital, said that the Federal Reserve's policies have created a bubble in the bond market and that investors should turn to buying digital assets. dan Morehead also said that bond investors will suffer a complete blow when the Federal Reserve stops manipulating the bond market and that the U.S. should stop Bitcoin's entanglement and focus on itself. The largest Ponzi scheme in history is the U.S. Treasury and mortgage bond market, at $33 trillion, which is all driven by a non-economic player that dominates and trades based on material, non-public information. As the bond market bubble begins to burst, Bitcoin and crypto-assets could become a hedging tool.