Dan Morehead, founder of Pantera, predicts that Bitcoin could soar to $740,000 as "blockchain-supporting" U.S. President-elect Trump returns to the White House. "Bitcoin has already completed three orders of magnitude of growth, and another one seems possible," he said.
According to Morehead's theory, Bitcoin has been on a trend line, and if it continues to maintain its growth pattern, its price could reach $740,000 by April 2028. Since Pantera began investing, Bitcoin has doubled almost every year, with a compound annual growth rate of about 88%.
He added: "Relative to $500 trillion in financial assets, this number is not unimaginable." At a price of $740,000, Bitcoin's market value will reach $15 trillion. (The Block)
Previously, Pantera's Bitcoin Fund returned more than 1,000 times, and the return rate is currently 131,165%.