According to ChainCatcher news, Pantera founder Dan Morehead predicts that with Donald Trump, the elected president who supports blockchain, returning to the White House, Bitcoin could soar to $740,000.
Dan Morehead stated that his cryptocurrency-focused Pantera Bitcoin Fund has achieved a historical return of 131,165% since its establishment in 2013. "Bitcoin has already completed three orders of magnitude of growth," he said, "doing it again 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 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)
