Pantera Capital Founder: BTC has chances of rising to $100K

by in Cryptocurrency News

Dan Morehead

Pantera Capital founder Dan Morehead is part of the so-called bitcoin bull camp. He periodically makes predictions that the largest digital currency will be able to achieve great results this year.

In 2021, the likelihood of a new leap is high. BTC can reach $ 100,000 or even exceed this psychological mark.

Morehead referred to a letter from his company's analysts that was sent to investors. It said that already in 2021, the upward dynamics of the movement of bitcoin is going to continue. There is a high probability of reaching 115,000 by August 2021.

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Morehead admitted that this is a very bold forecast, and he is also optimistic. In his opinion, over the next few years, the growth in the value of BTC will be just over 200% annually.

If this forecast is confirmed, then indeed, the largest digital currency will be able to reach or even exceed $ 100,000. In terms of capitalization, Bitcoin will bypass the gold market in the future.

The founder of Pantera Capital claims that the value of all BTC will rise to $ 9 trillion. For comparison - now the capitalization of gold is about $ 8 trillion.