By August 2021, Bitcoin will be able to skyrocket to $ 115,000, Pantera Capital CEO Dan Morehead said.
Moreover, he expressed this point of view earlier. Back in August last year, the CEO of Pantera Capital said that the largest digital currency would periodically renew highs.
We are now entering the stage of mass adoption of bitcoin. Accordingly, the demand for this instrument will increase. Moreover, the CEO of Pantera Capital does not exclude that the launch of central bank tokens (for example, the digital yuan) will have a positive effect on the entire cryptocurrency industry.
Morehead compared Bitcoin's run in late 2017 and 2020 and concluded that the latest rally was accompanied by fundamental changes in the crypto sphere.
The industry has become more mature and the infrastructure more extensive. These factors create the conditions for more extended adoption of bitcoin, summed up the CEO of Pantera Capital.