- Pantera Capital CEO Dan Morehead predicts Bitcoin could reach $750,000 within four years.
- Industry leaders, including Binance founder Changpeng Zhao and Ark Invest CEO Cathie Wood, see Bitcoin hitting $1 million by 2030.
- Bitcoin achieved a record high price of $124,128 in August this year.
- Strong institutional interest is shown by companies like BlackRock, whose CEO said Bitcoin could one day replace the U.S. dollar.
- Morehead also identified Solana as Pantera’s top blockchain investment, with $1.1 billion committed.
Dan Morehead, CEO of Pantera Capital, announced during a CNBC interview that Bitcoin could reach $750,000 within the next four years. The firm, which claims to be the first U.S.-based crypto fund, launched in 2013 when Bitcoin traded at $65.
Morehead said he expects Bitcoin to eventually hit the $1 million mark, although he did not specify when, only stating it should happen within his lifetime. Several industry leaders support the possibility of Bitcoin reaching $1 million. Changpeng Zhao, founder of Binance, suggested the price could land between $500,000 and $1 million during this cycle. Cathie Wood, CEO of ARK Invest, echoed this view, and Bitcoin advocate Michael Saylor also agreed.
Bitcoin has been the top-performing financial asset over the past 15 years. It reached an all-time high of $124,128 in August. This price surge is attributed to growing market confidence and increased adoption.
In the last year, Bitcoin Exchange-Traded Funds (ETFs) gained significant traction, driving more institutional investments. Companies including BlackRock, the world’s largest asset manager, have shown support for the cryptocurrency. Larry Fink, CEO of BlackRock, stated that digital assets like Bitcoin could eventually replace the U.S. dollar as the global reserve currency.
In addition to Bitcoin, Morehead commented on the Solana (SOL) network. He described SOL as the best-performing blockchain in recent years and revealed that Pantera invested $1.1 billion in Solana. Morehead indicated Solana has outperformed Bitcoin over the past four years.
For further details on recent crypto integrations, read about Paypal-integrates-bitcoin-Ethereum-into-peer-to-peer-payments”>PayPal integrating Bitcoin and Ethereum into its peer-to-peer payment service.
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