Pantera CEO: Bitcoin still has the potential for excess returns in the next few decades

Odaily News At the Consensus 2025 conference in Toronto, Dan Morehead, founder and CEO of Pantera Capital, said: "Bitcoin still has decades of excess returns." He emphasized that Pantera continues to have confidence in the asset class. Morehead advises investors to "invest in a wide range of tokens and venture equity" to seize rapidly evolving market opportunities. He rarely disclosed that Pantera has achieved 86% profitability in its portfolio and has invested in 22 unicorn companies with a valuation of more than $1 billion. He also criticized the United States for its sluggishness in crypto regulation, saying that "90% of crypto transactions and protocols are outside the United States - this is not right." But he also said optimistically: "The election victory is a huge unlocking" and hopes that capital and innovation will flow back to the United States in the next few years.