Pantera CEO says governments will attempt to purchase 1 million bitcoin each within three years.
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According to a report by Bijie Network: Pantera Capital CEO Dan Morehead predicts that in the next two to three years, as sovereign nations rethink their reserve strategies, bitcoin will trigger a "global arms race." He believes that hostile countries will shift their savings from assets vulnerable to U.S. pressure to bitcoin, and envisions multiple blocs each aiming for 1 million bitcoins. Although the 9% decline in 2025 surprised him, Morehead remains optimistic about bitcoin's structural outlook, citing its fixed supply and four-year cyclical fluctuations against the backdrop of currency depreciation. He points out that the proportion of institutional holdings in bitcoin remains very low and sees the current skepticism as a bullish signal for bitcoin to outperform gold in the long term.
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