Pantera Capital's CEO Dan Morehead: Political Shift Towards Pro-Crypto Views Driven by Younger Generations and Federal Reserve Policies

Dan Morehead, the CEO of Pantera Capital, believes that the political scene is being pushed to embrace pro-crypto views. In his latest Blockchain Letter, he points out how years of money printing by the Federal Reserve have mostly helped older Americans while leaving younger generations behind.

Morehead shares a chart based on Fed data that shows a clear wealth gap favoring older demographics. “It doesn’t take a Political Science major to see why both political parties suddenly jumped into blockchain. Most Americans are under 40. The benefits of the Fed’s policies have gone mainly to older folks,” he explains.

At a recent Bitcoin conference, Morehead highlighted the significance of former president and current Republican nominee Donald Trump’s pro-crypto stance. “I think it’s the biggest news in crypto. Trump changing his views in May is huge. Whether he wins or the other candidate does, everything has shifted. The SEC was ready to launch an ETF for ETH within a week. Things have changed,” he stated.

Morehead feels this marks a pivotal moment. Politicians are now aware that crypto is popular with voters. “Think about it. Most Americans are under 40. They love crypto and they vote. Politicians can see the connection,” he concluded.