CoinVoice has recently learned that Pantera founder Dan Morehead predicts that Bitcoin could soar to $740,000 with Donald Trump, who supports blockchain, returning to the White House.
Morehead stated that his cryptocurrency-focused Pantera Bitcoin Fund has achieved a historical return of 131,165% since its establishment in 2013. "Bitcoin has completed three orders of magnitude of growth," he said, "it seems possible to do it again."
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 capitalization would reach $15 trillion. (The Block) [Original Link]
