The Institutional Case for Bitcoin with Dan Morehead and Mike Novogratz - WBD279
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 17 November 2020
⏱️ 60 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Wednesday 11th November Company: Pantera Capital & Galaxy Digital Role: Co-Founder, CEO & Founder, CEO
2020 has been a year, unlike any other. With the coronavirus pandemic bringing the world to a standstill, the global economy is under significant pressure. Governments have needed to take action, and we have seen unprecedented levels of fiscal and monetary stimulus.
The current economic outlook highlights the bullish case for Bitcoin, and large institutions are beginning to take action. Microstrategy made the bold first move and put $425million of their treasury into Bitcoin. Michael Saylor's bold move sent a message to CEOs all over the world and shortly after Square followed suit with a $50million Bitcoin purchase.
So how seriously are institutions taking Bitcoin? And will we see a wave of institutional investment?
In this interview, I talk to veteran investors Dan Morehead, co-founder & CEO of Pantera Capital and Mike Novogratz, founder & CEO of Galaxy Digital. We discuss their first Bitcoin purchase, institutional interest & what they expect from Bitcoin in the coming years.
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Transcript
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| 0:00.0 | We're just still in really, really early innings of this thing and like Mike said |
| 0:05.2 | 100 million people have it and so we think that's awesome but there'll be 6 billion |
| 0:09.2 | people within 20 years. |
| 0:12.4 | Hello there from Bedford in the United Kingdom. |
| 0:15.0 | How are you all? |
| 0:16.0 | Welcome to the What Bitcoin did podcast, which is brought to you by the mighty Krakhan, |
| 0:19.0 | the best place to buy, sell and trade Bitcoin. |
| 0:21.0 | I'm your host, Peter McCormack, and today I've got a massive |
| 0:24.3 | interview with Dan Morehead and Mike Novograt, where we're going to be discussing the |
| 0:28.4 | institutional case for Bitcoin, but before that I do have a message from my amazing show sponsors. |
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