Odaily News At the Consensus 2025 conference in Toronto, Dan Morehead, founder and CEO of Pantera Capital, said: Bitcoin still has decades of excess returns. He emphasized that Pantera continues to have confidence in the asset class. Morehead advises investors to invest in a wide range of tokens and venture equity to seize rapidly evolving market opportunities. He rarely disclosed that Pantera has achieved 86% profitability in its portfolio and has invested in 22 unicorn companies with a valuation of more than $1 billion. He also criticized the United States for its sluggishness in crypto regulation, saying that 90% of crypto transactions and protocols are outside the United States - this is not right. But he also said optimistically: The election victory is a huge unlocking and hopes that capital and innovation will flow back to the United States in the next few years.