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Pantera founder Dan Morehead predicts that Bitcoin could reach $740,000 by 2028 if it continues its current growth trend. This forecast is based on the Pantera Bitcoin Fund‘s impressive 131,165% lifetime return since its launch in 2013.
According to Morehead, Bitcoin has almost doubled every year, giving it an 88% compounded annual growth rate. If this trend continues, Bitcoin could reach $740,000 by 2028, with a market capitalization of $15 trillion.
Morehead also believes that the upcoming presidency of Donald Trump, who is pro-blockchain, could have a positive impact on the crypto industry. His presidency might bring regulatory clarity, which would benefit the entire blockchain sector.
Since its launch, Pantera has made significant profits by investing in Bitcoin, purchasing it when it was priced around $65. Morehead views Bitcoin as the first global currency since gold, with the potential to transform the financial system.
This growth potential makes Bitcoin a key player in the digital asset ecosystem, and Morehead’s forecast reinforces the belief in Bitcoin’s long-term success.
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