In the Bankless podcast, Dan Morehead, founder of Pantera Capital, shared his experience of buying Bitcoin at $65 in 2013 and reflected deeply on the future of the cryptocurrency market. He believes that the crypto revolution has only completed 15%, with huge potential still ahead. Morehead emphasized the asymmetric investment opportunity of Bitcoin, which, despite experiencing multiple market crashes, has always reached new highs. He predicts that August 2025 will be the peak of this cycle and believes that there is still significant room for Bitcoin to rise, possibly reaching a market cap of $15 trillion. Morehead also pointed out that institutional investors' attitudes towards cryptocurrency are changing, and the success of ETF products is an important breakthrough. He believes that blockchain technology will continue to develop and integrate deeply with fields like AI, providing more opportunities for future investors.

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