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

Tap into the live stream to understand the bull market!!!

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 are using cryptocurrencies, he believes the story of digital assets is just beginning, with user numbers set to soar, possibly reaching 5 billion in the next decade.

This growth could fundamentally alter 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 is actually consistent with past performance, 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 have seen its price continue to rise. Morehead believes that Bitcoin's stable performance and its role in the broader technological and economic transformation are the driving forces behind its development.

But this is not just a numbers game. Morehead stated that the cryptocurrency space will undergo significant changes over the next 20 years. These changes will not only involve valuations but also structural shifts, as blockchain technology and cryptocurrencies become more deeply integrated into the global system.

Morehead's predictions are based on his experience in the field. As early as 2013, when BTC was a nascent phenomenon trading around $65, he advised investors to pay attention; this letter to investors has gained legendary status in the crypto industry.

Tap into the live stream to understand the bull market!!!