Phase II of the Bull Market | Dan Morehead
Empire
Macro Views, Reserve Thesis, and Market Cycles
Dan lays out his Fed/inflation view, how policy and housing pushed interest in crypto, Bitcoin as a reserve/diversification asset, correlation with risk assets, and the halving-driven four-year cycle & price model.
This week Dan Morehead joins the show to discuss the current state of markets & what's next throughout 2025 into 2026. We deep dive into how Dan built conviction in crypto as an asset class back in 2013, does the four year cycle still exist, crypto treasury vehicles, Dan's Solana thesis & more. Enjoy!
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Timestamps:
(00:00) Introduction
(02:44) Buying Bitcoin In The Early Days
(07:11) Dan's Macro Outlook In 2025
(17:14) Ads (Blockdaemon, Peaq)
(18:44) Does The Four Year Cycle Still Exist?
(27:39) Phase II of The Bull Market
(29:49) The Crypto IPO Window Is Open
(32:44) Ads (Blockdaemon, Peaq)
(34:13) Crypto Treasury Vehicles
(40:30) The Solana Thesis: Why Pantera Owns $1bn+ Solana
(42:45) Are Institutions Still Underallocated To Crypto?
(46:33) Ads (Manttle, Goednet)
(47:59) Launching Crypto's Longest Running Fund
(55:07) Advice For Founders
(57:50) Crypto's Biggest Opportunity In The Next 5 Years
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
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