Pantera founder: Bitcoin price could reach $740,000 by April 2028

2024-11-27 08:24:15

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ChainCatcher news, Pantera founder Dan Morehead predicts that with "blockchain-supporting" U.S. President Donald Trump returning to the White House, Bitcoin could soar to $740,000.

Morehead stated that his cryptocurrency-focused Pantera Bitcoin Fund has achieved a historical return of 131,165% since its inception in 2013. "Bitcoin has completed three orders of magnitude growth," he said, "doing it again seems possible."

According to Morehead's theory, Bitcoin has been on a trend line, and if it continues its growth pattern, its price could reach $740,000 by April 2028. Since Pantera began investing, Bitcoin has nearly doubled in value 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 cap would reach $15 trillion. (The Block)

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