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Pantera founder: If BTC maintains its current growth trend, it may rise to $740,000 by April 2028
2024-11-27 08:04:34
Odaily News Dan Morehead, founder of Pantera, predicts that Bitcoin could soar to $740,000 as "blockchain-supporting" U.S. President-elect Trump returns to the White House. "Bitcoin has already grown by three orders of magnitude, and another one seems possible," he said. According to Morehead's theory, Bitcoin has been on a trend line, and if it continues to maintain its growth pattern, its price could reach $740,000 by April 2028. Since Pantera began investing, Bitcoin has doubled almost every year, with a compound annual growth rate of about 88%. He added: "Relative to $500 trillion in financial assets, this number is not unimaginable." At a price of $740,000, Bitcoin's market value would reach $15 trillion. (The Block) Earlier news, Pantera's Bitcoin Fund's return exceeded 1,000 times, and the return rate is currently 131,165%.