Business
‘Get out of paper money and into bitcoin’ – Asia Times
Long bitcoin, short the dollar. That, in a nutshell, was the advice Pantera Capital CEO Dan Morehead gave to investors in a July 29 letter warning about the unprecedented amount of money being prin…
Long bitcoin, short the dollar.
That, in a nutshell, was the advice Pantera Capital CEO Dan Morehead gave to investors in a July 29 letter warning about the unprecedented amount of money being printed by the US government to address the financial crisis caused by the Covid-19 pandemic.
The United States printed more money in June than in the first two centuries after its founding, Morehead wrote. Last month the US budget deficit $864 billion was larger than the total debt incurred from 1776 t…
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