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Themes from the March ’20 Pantera Shareholder Letter & Real Vision Interview
Everything’s right — for Bitcoin, that is. The global economy is basically reacting the same as if a nuclear bomb went off according to the Bulletin of Atomic Scientists. China can expect 12% drop in annual GDP, which hasn’t happened for 50 years. Goldman Sachs expects a 24% contraction in the United States for Q2 2020 and the St. Louis Fed Chief is warning of over 30% unemployment due to COVID.
On Friday, Dan Morehead, CEO & Co-CIO of Pantera Capital sat down for an interview with Raoul Pal on Real Vision. Just a week earlier, he released the firm’s latest monthly letter to shareholders:
Below I’ve summarized what I think are some of the key themes from both the interview and the shareholder letter.
