New post
George Ma
May 6 15:30

Dan Morehead, CEO of Pantera Capital: Bitcoin will exceed $100,000

"The reduction in supply is only 40% as great as in 2016"
A new wave of growth awaits Bitcoin. Dan Morehead, CEO of Pantera Capital, is confident in this. He predicts that the price of bitcoin may rise to US$100,000 and even exceed this level.

Dan Morehead sent out letters to investors, stating that the difference between the fiat (symbolic or paper, not secured by gold) money and cryptocurrency with a limited issue will be obvious due to the policy pursued by central banks.
As long as quantitative easing tends to be infinite, it will affect things that cannot be quantitatively eased, Morehead believes. The same goes for the cost of cryptocurrencies.
The potential rise in the Bitcoin rate may have an impact on halving (halving is the compensation for miners for adding a new block to the blockchain), which is exactly one week away - it's scheduled for May 12.
"The reduction in supply is only 40% as great as in 2016. If this relationship holds, that would imply about 40% as much price impulse — bitcoin would peak at $115,212," said Morehead.
At the moment such a price may seem unreal to some people. But Morehead asks you to remember how once US$5000 rate seemed unreal to many people.