BlockBeats news reported that Pantera founder Dan Morehead stated on November 27 that Bitcoin could reach $740,000 due to the potential of the “blockchain-supporting” U.S. President-elect Donald Trump. Morehead noted that Pantera’s Bitcoin Fund has produced historical returns of 131,165% since its establishment in 2013.
Bitcoin has experienced three orders of magnitude of growth and could reach $740,000 by April 2028, according to Morehead’s theory. Since Pantera began investing, Bitcoin has nearly doubled annually with a compound annual growth rate of approximately 88%.
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<p>The post Bitcoin’s Shocking Price Prediction: $740,000 by 2028? first appeared on CoinBuzzFeed.</p>
