Dan Morehead, founder of Pantera Capital, has projected an optimistic future for Bitcoin, predicting that the leading Cryptocurrency could reach $740,000 by April 2028. This forecast comes amid a positive economic outlook following the election of Donald Trump, who will take office the presidency with a pro-crypto approach.
Bitcoin on its way to $740,000
According to Morehead, Bitcoin has followed a growth pattern that has seen it nearly double in value annually, with a compound growth rate of approximately 88% since Pantera began investing in 2013. At this rate, it is plausible that it will reach a capitalization market growth of $15 billion in less than five years.
«Bitcoin has already grown three orders of magnitude. Another one seems plausible, Morehead noted.
This growth potential compares to the value of $500 trillion in global financial assets, which Morehead says reinforces Bitcoin’s viability as a significant asset class.
Momentum after Trump’s election
Bitcoin’s recent rally, which has taken it close to $100,000, is partly attributed to optimism generated by the election of a pro-crypto president. Morehead highlighted that the Trump administration could bring regulatory clarity to the sector, a change that would benefit the entire crypto industry.
We believe the industry will benefit greatly from the first pro-crypto president in the United States.
Dan Morehead
Furthermore, he is confident that Congress will gradually adopt a neutral or favorable stance towards Blockchain, marking the end of 15 years of regulatory challenges for the sector.
Dan Morehead, founder of Pantera Capital
Pantera Capital and its crypto approach
Pantera Capital, founded in 2003 as a global hedge fund, became a pioneer in the crypto sector by launching the first Bitcoin fund in 2013. Since then, the Pantera Bitcoin Fund has recorded a return of 131.165%, positioning itself as one of the most successful funds in the industry.
In his post, Morehead recalled how Bitcoin was his first investment, when the cryptocurrency was trading at $65, and how it continues to be a disruptive asset.
Bitcoin is the first global currency since gold and the first borderless payment system ever created.
Dan Morehead
Comparisons and future outlook
With a market capitalization of nearly $2 trillion, Bitcoin already surpasses companies like Meta and ranks seventh among the world’s most valuable assets. Morehead believes this is just the beginning, with the potential for Bitcoin to become a fundamental pillar of the global financial system.
With its visionary approach, Pantera Capital continues to lead the way in the crypto sector, as Bitcoin moves towards a new level of global adoption and recognition.
Do you want to always be updated in the world of cryptocurrencies? Subscribe now to the CriptoTendencia WhatsApp channel! Here you will instantly receive the most relevant information about Bitcoin, Altcoins, DeFi, NFTs, Blockchain and the Metaverse.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
