BlockBeats reports that on November 27, Pantera founder Dan Morehead predicted that with Donald Trump, the newly elected president who supports blockchain, 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 of growth," he said, "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, "Compared to the $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)
