Pantera Capital Management has predicted that Bitcoin will surpass $700,000. Sailed towards a six figure valuation per token last week.
Pantera Capital CEO Dan Morehead The following are some of the ways to get in touch with each other In a note to investors, the Bitcoin price could reach $740,000 in April 2028 based on historic trends. Donald Trump, the pro-crypto president-elect A U.S. Congress majority is digital asset friendly.
And with just 5% of financial wealth invested in blockchain-related assets, Morehead believes that Bitcoin's price has a lot of room to grow.
“Even after 11 years, Bitcoin is still squeezing up like a watermelon seed,” Morehead wrote. “Blockchain’s 15-year regulatory headwinds are now turning into tailwinds.”
The executive's bullish prediction comes amid good news for the hedge fund: Pantera Capital's Bitcoin Fund, launched in July 2013, is reaping returns of more than 131,000% over the last 11 years, excluding expenses and fees.
The hedge fund has seen a 1,000-fold increase in the value of its Bitcoin since purchasing the tokens at $74 each more than 10 years ago.
The world's oldest digital currency is trading for about $96,300 as of writing time, CoinGecko The following are some of the most effective ways to increase your ROI: shows.
Despite Bitcoin's astronomical growth, Morehead believes that it is “still early” There’s plenty of space for growth in the cryptocurrency market.
“I can imagine an investor thinking: ‘Bitcoin has doubled this year. Well, I guess I missed it,'” Morehead stated in a written letter. “That's the wrong mindset.”
Andrew Hayward is the editor
