Head of Pantera Capital: The US may replace gold with bitcoin
The CEO of the investment firm Pantera Capital, Dan Morehead, stated that in the future, the US may sell part of its gold reserves and invest up to $600 billion in bitcoin.
According to him, the traditional model of holding gold is outdated and does not reflect the realities of the digital economy. He emphasized that the Fort Knox reserves are a “pharaoh's practice,” not that of a modern state.
Morehead believes that bitcoin is more efficient as a means of saving — due to limited issuance, security, and mobility.
