Crypto Gains Traction as Global Debt Rises
at Token2049 in Dubai, industry leaders discussed the growing role of crypto in today’s uncertain economy. Founders from Real Vision, Pantera Capital, and Ex Uno Plures shared their insights.
Dan Morehead, Pantera Capital’s founder, likened the current economic situation to a shaken snow globe. traditional investments are struggling, and the market is uncertain.He noted the unusual combination of high bond yields and stock prices,indicating economic instability. Morehead sees crypto as a safer option because it’s less tied to traditional markets.
Morehead believes crypto is becoming a go-to safe haven. Recently, crypto assets surpassed $3 trillion in market cap.Zoltan Pozsar, Ex uno Plures’ CEO, agrees. He thinks the world is moving toward a more balanced financial framework. This could include assets like gold and Bitcoin.
Morehead views crypto as a safer bet. He sees a growing separation between crypto and traditional assets. Raoul Pal, Real vision’s CEO, adds that crypto democratizes investments. Its fractional nature allows more people, including the unbanked, to participate. This shift is partly due to rising U.S. bond yields and public debt.Despite efforts to strengthen the dollar, Pozsar thinks the world is moving beyond it. Assets like gold and Bitcoin are gaining prominence.
Pal argues that crypto challenges the traditional financial system. It benefits everyone, not just the elite. As the global debt piles up, crypto offers a new way to store and use wealth.
