When Dan Morehead—featured guest on the latest episode of Fortune’s Crypto Playbook podcast—first started digging into Bitcoin in 2013, he decided to leave behind his long career in traditional finance and throw all his chips into the world of cryptocurrencies. A former trader at Goldman Sachs and Tiger Management, Morehead felt that Bitcoin represented a financial revolution—and his bet paid off. Since Morehead first purchased Bitcoin for under $100, the price has erupted to well over $100,000—thanks in part to all of his former colleagues on Wall Street piling into the once-renegade asset.
But unlike many of those who came to the currency early, Morehead is not a “Bitcoin maxi” who shuns other coins. Rather, he has used his investment firm, Pantera Capital, to back many other crypto projects, including prominent ones like Ripple Labs and Solana. In doing so, Morehead has ridden the industry’s success to over $4 billion in assets under management.
