September 27, 2022

The head of Pantera Capital predicted the price of Bitcoin at $400,000

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Dan Morehead, CEO of hedge fund Pantera Capital, gave his forecast for the future of the flagship cryptocurrency. He assured that the massive introduction of digital currencies will provoke a 10-fold increase in the value of Bitcoin by 2025. According to the expert, the virtual currency rate will reach $400,000 in 3 years.

Pantera Capital’s CEO said his forecast is not based on the usual speculation. He focused on the basic concepts of economic demand and supply. The expert said that according to statistics, every 2 years, 10 times more people use cryptocurrency than in the past. This trend has been observed throughout the history of Bitcoin. At the same time, the price of the cryptocurrency increases 10 times in the same time period, according to the chart.

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