Dan Morehead, CEO of Pantera Capital, believes that Bitcoin has reached a turning point following a long bear market. He suggests that the industry has experienced enough pain, with the collapse of Terra and crypto exchange FTX, to prepare for a bull market. Morehead notes that digital assets have decoupled from traditional markets, meaning that any future weakness in equities or bonds may not have as much impact on crypto as some analysts believe. He also anticipates that the approval of a BlackRock ETF could have a significant impact on crypto, similar to the launch of BlackRock's iShares Gold ETF in 2005.