
Jakarta, Pintu News – Pantera Capital founder Dan Morehead predicts the price of Bitcoin in the next four to five years and explains why it could reach that figure.
In his interview on CNBC’s Squawk Box show on Monday, the hedge fund manager revealed his views on Bitcoin’s price target. He predicted that Bitcoin’s price will continue to increase as it has historically, with a target of reaching $750,000 in the next four to five years.
With Bitcoin’s current price at $115,725, the $750,000 target projected by Dan Morehead represents a potential increase of 548%. According to him, this kind of surge is nothing new for Bitcoin, as in the last 12 years the asset has doubled every year.
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Morehead expects this growth trend to continue for “several more years” to come, so he believes Bitcoin will reach $750,000 in the next four to five years.
Furthermore, Morehead explains that Bitcoin still has a lot of room to grow. Despite being more widely recognized, Bitcoin’s share of global wealth is still relatively small.
To put this into perspective, total global financial wealth reached a record high of $305 trillion in 2024. Meanwhile, Bitcoin’s market capitalization currently stands at $2.3 trillion – representing only about 0.75% of the world’s total wealth.
He believes Bitcoin will take a bigger share in the future, pushing the price towards $750,000. However, this prediction is still conservative when compared to the projections of Strategy’s Executive Chairman, Michael Saylor.
Saylor predicts that Bitcoin could account for 7% of global wealth in the next 20 years, with BTC valued at $13 million.
While Dan Morehead’s prediction is very optimistic, a number of other projections show the potential for a much higher Bitcoin price in the same time frame.
Ark Invest CEO Cathie Wood predicts that the price of Bitcoin will jump to $1.5 million by 2030, double the target estimated by Morehead.
Meanwhile, Coinbase CEO, Brian Armstrong, predicts that Bitcoin will reach at least $1 million by 2030-a view also supported by Rich Dad Poor Dad author, Robert Kiyosaki.
Armstrong said that institutional adoption and regulatory support will be the main driving factors in the Bitcoin price surge.
Read also: Crypto Analyst Predicts Solana’s Big Rally as SOL AUM Hits Record $4.1 Billion
Interestingly, Dan Morehead’s Bitcoin prediction came at a time when Pantera Capital was leading a PIPE funding for Nasdaq company Helius Medical Technologies to establish a Solana-based treasury reserve. A fund of $500 million was raised and will be used to accumulate Solana assets.
Morehead revealed that Solana is the largest asset Pantera Capital currently holds, and he sees continued growth potential from the asset. He highlighted that Solana has outperformed Bitcoin in the last four years, and he expects this trend to continue.
As a managing partner at Pantera, Morehead also expressed confidence that Solana will surpass Ethereum in performance.
“I think Solana is currently only one-twentieth of Bitcoin’s market capitalization. So, I believe in a certain period of time Solana can outperform, and right now we believe Solana will also outperform Ethereum,” Morehead explained.
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