Will Bitcoin soar by 10,000%? Pantera Capital founder says yes

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Dan Morehead, founder and CEO of Pantera Capital, recently shared his bold vision for the future of Bitcoin (BTC). In a world where 300 million people already use cryptocurrencies, he believes the story of digital assets is just beginning, with user numbers expected to grow significantly, potentially reaching 5 billion in the next 10 years.

This growth could fundamentally change the financial landscape, with the flagship cryptocurrency Bitcoin at the center of this transformation. Morehead's analysis points to a staggering possibility: by 2028, Bitcoin's market cap could reach $150 billion. This represents a 10,000% increase, which may seem substantial, but it aligns with past performance, as Morehead stated in an interview with Bankless.

This is not wishful thinking, as BTC's value has doubled every year for the past 11 years. Even critics who believe it is overvalued find its price continuously rising. Morehead believes that Bitcoin's stable performance and its role in the larger context of technological and economic transformation are driving its growth.

But this is not just a numerical issue. Morehead noted that the cryptocurrency space will undergo significant changes in the next 20 years. These changes involve not only valuations but also structural transformations, as blockchain technology and cryptocurrencies will become more deeply integrated into the global system.

Morehead's predictions are based on his experience in the field. Back in 2013, when BTC was a nascent entity trading at around $65, he warned investors to pay attention, and this letter to investors has gained legendary status in the crypto industry.

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