Bitcoin Could Hit $740,000 By 2028: Pantera Capital Ceo

Radek Zielinski, ReadWriteWeb
Thu, 11/28/2024 - 10:00am

Dan Morehead — the CEO of venture capital firm Pantera Capital — has suggested that Bitcoin (BTC) still has much room for growth. Morehead wrote in a Tuesday letter to investors that Bitcoin could reach as high as $740,000 by April 2024. His predictions are based on an analysis of historical trends, the election of pro-crypto presidential candidate Donald Trump in the United States and a majority crypto-friendly Congress in the nation. The details Morehead argues that Bitcoin’s value would grow a lot more, with just 5% of all financial wealth being invested in digital assets.

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