The CEO of investment firm Pantera Capital says he is more bullish than ever on crypto due to the shift in the regulatory environment.
At the 2025 Ondo Finance Summit in New York, Dan Morehead says that lack of regularity clarity on digital assets in the United States has held the crypto market back, but he thinks there’s now potential for massive growth.
He anticipates the US will start rolling out clearer regulations that will be bullish for digital assets due to the election of not only pro-crypto President Trump but also pro-crypto members of Congress.
“We’ve been so repressed by the fear of regulation or the lack of certainty. I think everyone in our industry kind of has Stockholm syndrome right now. We’re so used to being afraid of the government and of not trying to do anything. And I’ve been on boards of big exchanges, and it’s so scary to list anything.
The rebels just threw the gates open and there’s sun beaming in, and we’re all just still sitting there like too afraid to be excited that it’s a new era. The market’s only up 25% or something since the election. I think it should have doubled. So I’m so bullish, because the regulation in the US was kind of the last scary thing or bad thing about crypto. It’s going to get more clarity. It’s going to be more positive.”
He also says that the recent election results have sent a clear message that voters are in favor of pro-crypto policies.
“The big change is there were 58 contested elections in Congress that the pro-crypto political action committees competed in. Fifty-four of the anti-crypto people left Congress. Nobody’s going to say anything bad about crypto in Congress again. And I think that is massive, and so I am as bullish as ever.”
Morehead believes the regulatory clarity will lead to greater investment and more innovation in the crypto space, starting this year.
“And I think the question of inflection points is, it was kind of scary for like a public pension plan to invest in crypto two or three years ago. You got the SEC (U.S. Securities and Exchange Commission) suing Coinbase and Ripple Labs and all these great companies. So that’s the big change, it’s going to flip from very scary, to probably really positive. And so 2025 I think is going to be one of the most interesting years.”
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