Pantera Capital CEO Dan Morehead says that the political establishment is essentially being forced to cave into pro-crypto stances.
In the firm’s monthly Blockchain Letter, Morehead says that the Federal Reserve’s decades of money printing has primarily benefited a minority of older demographics while punishing the majority, who now hold the bigger voting bloc.
Morehead shows a chart citing the Fed’s own data depicting an overwhelming distribution of wealth to older Americans while the younger generations increasingly get left behind.
“It doesn’t take a Political Science major to figure out why both political parties collapsed suddenly into blockchain.
The majority of Americans are under 40.
The spoils of the Fed’s policy errors and Congress money printing have gone almost exclusively to the minority of Americans who are older.”
Quoting himself at a recent Bitcoin conference, Morehead…
