But unlike many of those who came to the currency early, Morehead is not a “Bitcoin maxi” who shuns other coins. Rather, he has used his investment firm, Pantera Capital, to back many other crypto projects, including prominent ones like Ripple Labs and Solana. In doing so, Morehead has ridden the industry’s success to over $4 billion in assets under management.
In his interview on Crypto Playbook, Morehead made the case for investing in other blockchains and projects. “There isn’t just one internet company, right?” he said. “That’s the way I think of blockchain.”
While other crypto assets may not have Bitcoin’s “escape velocity,” as Morehead puts it, they do have upside as different use cases continue to evolve. “I think it is very important for people to be invested in this space, but do it sensibly,” he said. “Don’t do more than you could afford to lose, and as long as you can hold it.”
“In 20 years, everybody will have crypto,” he added.
Despite the explosion in crypto prices, few projects have been able to achieve the mainstream success of Bitcoin, which is still mostly limited to a store of speculative value. While Pantera has invested in a variety of fields, like on-chain gaming, none have achieved the status of “killer app” or widespread adoption.
Listen to the entire vodcast here.
