More Major Crypto ‘Meltdowns’ to Come, Pantera’s Morehead Says

The Federal Reserve has for too long made grievous mistakes, and the repercussions are now reverberating in the crypto world, where there’s likely to be more “major meltdowns” to come.

That’s according to Pantera Capital’s Dan Morehead, who runs a crypto hedge fund and says the central bank has, via its policies in keeping overnight rates too low and in manipulating the bond market, made the worst policy mistakes the former Goldman Sachs Group Inc. bond trader has seen in 35 years of investing. Though the Fed is working on correcting the first slowly, it seems to not understand the ...