Pantera’s Founder Foresees $100K+ Bitcoin On the Horizon
Cointelegraph
Published Aug 06, 2020 04:34PM ET
Updated Aug 06, 2020 06:20PM ET
Pantera Capital is the oldest Bitcoin investment firm in the United States. When the company’s founder, Dan Morehead, was asked to make a Bitcoin price prediction during a recent interview, he first mentioned an investment letter published by the firm. In this letter, based on the stock-to-flow model, the firm made the bold prediction that Bitcoin will hit $115,000 by August 2021.
Morehead thinks this is still possible, despite the fact that in just one year, the asset’s price would have to increase to nearly 10 times its current value. Yet, his personal prediction is a little more modest, he said:
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Written By: Cointelegraph
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