Part 5/14:
While optimistic about Bitcoin's future, Morehead admits that market dips are inevitable. He discusses how active management within Pantera Capital’s funds helps exploit these declines. For example, during the recent correction, his team took risk off the table early but quickly re-entered the market once signs of recovery appeared. Their diversified investment approach—spanning early-stage tokens, liquid assets, and traditional Bitcoin holdings—aims to “add alpha” and maximize returns over a decade.