Pantera Capital CEO Dan Morehead claims that political leaders are being forced into adopting crypto-friendly positions.
Morehead, in the monthly Blockchain Letter of the company, says the Federal Reserve has been printing money for decades, mainly benefiting a small minority, namely older demographics, while penalizing the majority who are now the largest voting bloc.
Morehead presents a graph based on the Fed’s data that shows an abundance of wealth going to the older generations, while younger Americans are increasingly left behind.
It doesn’t require a Political Science Major to understand why the two political parties have collapsed into Blockchain.
Most Americans are younger than 40 years old.
“The spoils from the Fed’s mistakes and Congress money-printing have almost entirely gone to the majority of Americans over 50.”
Morehead, quoting himself from a recent Bitcoin Conference, comments on the implications for BTC now that Donald Trump is openly supporting crypto.
I think that it is the most important news about crypto ….
The former president’s change of views is what I consider the most important thing for crypto, because it doesn’t matter if he or another candidate wins. Everyone has changed. Within a week, the SEC had an ETF available for Ethereum. Then everything changed.
This is an important moment for crypto, because politicians are now recognizing its popularity. Consider this. Most Americans are younger than 40. All of them love crypto, and all vote. So politicians are able to put the two things together .”
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The post Americans Under 40 forcing both political parties to ‘collapse’ into Bitcoin: Pantera Capital’s CEO Dan Morehead could be updated as new information becomes available.
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