115 - The Stagflation Mega-Trade | Dan Morehead

Bankless

Tech News, Technology, News

4.7 • 1.2K Ratings

🗓️ 25 April 2022

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

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Summary

✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode
https://shows.banklesshq.com/p/debrief-the-stagflation-mega-trade

Dan Morehead is the Founder & CEO of Pantera Capital, a blockchain investment firm that’s up nearly 65,900% since inception. Dan has spent decades successfully managing global macro funds throughout countless cycles.

We’ve said it before and we’ll say it again, macro plus crypto is a deadly combination. These two skills are some of the most important when it comes to navigating the remainder of this decade and beyond. Who better to share their expertise than Dan?

In this episode, Dan peels back the layers of how inflation, the bond bubble, and other important crises became so extreme, how they compare to the late 1970s, what you should do to prepare for the craziness to come, and so much more.

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Topics Covered:

0:00 Intro
6:12 What’s Happening with Inflation
12:10 The Reality of Inflation
14:02 Bond Bubble & Money Printing
24:06 The $15T Bond Overcalculation
35:00 Comparing the 1970s & Today
45:00 How to Survive Stagflation
51:55 Position Yourself Wisely
55:40 Crypto’s Macro Response
1:04:35 Why We’re Decoupling
1:12:30 Is the Bear Market Over?
1:18:22 The Last 10 Years & Why Crypto
1:25:10 Institutional Conversations
1:30:50 Easy Button Portfolio
1:34:44 Dan’s 2022 & Beyond Focuses
1:39:30 Closing & Disclaimers

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Resources:

Dan on Twitter
https://twitter.com/dan_pantera

Pantera Capital
https://panteracapital.com/

Dan’s Letters from Pantera
https://panteracapital.com/blockchain-letter/
https://panteracapital.com/blockchain-letter/the-year-ahead-in-crypto/
https://panteracapital.com/blockchain-letter/the-next-mega-trade/
https://panteracapital.com/blockchain-letter/its-called-the-70s/

Charts
https://panteracapital.com/wp-content/uploads/2022/02/Screen-Shot-2022-02-15-at-5.31.17-PM-1536x862.png
https://imgur.com/ZY4ltqn

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Bankless, where we explore the frontier of internet money and internet finance.
0:12.1	This is how to get started, how to get better, and how to front run the opportunity.
0:15.8	This is Ryan Sean Adams.
0:17.2	I'm here with David Hoffman, and we're here to help you become more bankless guys.
0:21.7	We have a fantastic episode with Dan Morehead.
0:24.4	We're talking about the year ahead for crypto.
0:26.9	How to survive this bond bubble?
0:29.5	You've got inflation at all time highs.
0:32.2	What do we make of this?
0:33.6	Dan is the perfect combo of macro plus crypto investor to help us navigate these uncharted
0:38.4	waters.
0:39.4	A few takeaways to look out for.
0:40.6	Number one, we actually talk about why inflation is 8.5% right now.
0:44.8	Number two, we talk about this thing he calls the bond bubble and the coming great unwinding
0:50.2	of that bond bubble.
0:51.5	Figure out what that means as we do the episode.
0:54.3	Also, our rising interest rates bad for crypto, maybe not, maybe not this time.
0:59.2	That's what Dan makes the case for.
1:01.5	How to structure your crypto portfolio in the midst of all this?
1:05.3	And finally, a little bonus tidbit somewhere mid-show, you have to look for it.
1:09.0	How to short bonds?
1:10.0	If you believe what Dan is saying, bonds are going to go down, he talks about how to short
	...

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