Investors / stance tracking
What Dan Morehead is saying
Founder & CEO, Pantera Capital
4 dated public stances tracked since 2020-04-16, most recently 2020-04-16. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Dan Morehead's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Dan Morehead is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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4
tracked stances
3
themes
0
side flips
2020-04-16
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| BITCOIN | 1 | 1 bullish | 2020-04-16 | |
| Crypto Other | 1 | 1 bullish | 2020-04-16 | |
| GLOBAL EQUITIES | 1 | 1 bearish | 2020-04-16 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2020-04-16
Crypto Other
bullish
Raoul Pal · video
Post-crisis vintage years historically triple returns versus pre-crisis vintages (Cambridge Associates: 6.28% avg 1999-2008 vs 18.21% avg 2009-2015), and current dislocated valuations create the same entry opportunity
“venture returns tripled to 18.21 [post-crisis]…that is our strong view”
Global Crisis Meets Macro & The Future of Crypto (w/ Raoul Pal & Dan Morehead)
2020-04-16
BITCOIN
bullish
Raoul Pal · video
Massive QE and fiscal stimulus increases the quantity of money, raising all non-QE-able assets including crypto, while Bitcoin's fundamental utility grows and its correlation to equities breaks down after stress events within weeks
“the only conclusion we can come to for cryptocurrency is that in the six to nine month time frame, it is going to be very positive”
Global Crisis Meets Macro & The Future of Crypto (w/ Raoul Pal & Dan Morehead)
2020-04-16
GLOBAL EQUITIES
bearish
Raoul Pal · video
The recession will be far larger and longer than consensus expects because monetary policy is nearly exhausted, fiscal stimulus cannot fix a psychological/medical shock, and supply chains remain disrupted as the virus rolls asynchronously across regions
“I think it's going to be a much bigger and longer recession than other people are talking about”
Global Crisis Meets Macro & The Future of Crypto (w/ Raoul Pal & Dan Morehead)
2020-04-16
long BITCOIN / short BITCOIN
pair
Raoul Pal · video
In stressed markets Bitcoin outperforms smaller altcoins as intra-crypto correlations spike and Bitcoin becomes the flight-to-quality within the asset class, reverting to normal allocation after the stress passes
“Bitcoin is going to outperform. Again, for periods of say three, four, five weeks”
Global Crisis Meets Macro & The Future of Crypto (w/ Raoul Pal & Dan Morehead)
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