RATE Group | Pantera Capital CEO Dan Morehead reaffirms
55546
post-template-default,single,single-post,postid-55546,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Pantera Capital CEO Dan Morehead reaffirms

24 Jul Pantera Capital CEO Dan Morehead reaffirms

Posted at 14:10h in Bitcoin News by

[ad_1]

  • Bitcoin braced for massive gains in the coming years according to Pantera Capital.
  • Bitcoin is currently trading at $9,734 following a gruesome week.

The chief executive officer of Pantera Capital Dan Morehead while on a podcast episode on Unchained Podcast on July 23 predicted massive gains for Bitcoin price. Morehead was only confirming that Pantera Capital is not adjusting its earlier predictions for the largest crypto which placed Bitcoin at $42,000 by the end of 2019 and $356,000 by 2121.

The bottom of Bitcoin price in 2018’s bear market around $3100 had Pantera Capital believing in yearly growth starting 2019.

“That put Bitcoin at $42,000 at the end of 2019, which I know sounds crazy, but essentially we’re halfway back there,” Morehead affirmed.

He added:

“It’s right on the trend line, and I think it’s a good shot that by the end of the year, we hit that, and then if you just extrapolate that line out for another year, it’s $122,000…

[ad_2]

Source link

Tags:
, , , , ,