Pantera founder: If BTC maintains its current growth trend, it could rise to $740,000 by April 2028

2024-11-27 16:13:13

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ChainCatcher news, according to The Block, Pantera founder Dan Morehead predicts that with "blockchain-supporting" U.S. President Trump returning to the White House, Bitcoin could soar to $740,000. He stated: "Bitcoin has completed three orders of magnitude growth, and another one seems possible."

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 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.

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