Pantera Capital’s founder forecasts Bitcoin’s price could soar to $740,000 by 2028, citing its historical growth and a supportive regulatory environment.
Bitcoin’s Historical Growth Trend
Dan Morehead, founder of Pantera Capital, has projected that Bitcoin could reach $740,000 by April 2028 if its current growth trajectory continues. With an average annual growth rate of 88%, Bitcoin has consistently expanded over the past decade. Morehead’s projection builds on Bitcoin’s historical trendline, which has delivered extraordinary returns since Pantera’s Bitcoin Fund launched in 2013.Regulatory Optimism Under New Administration
Morehead credits the pro-blockchain stance of President-elect Donald Trump for renewed market optimism. Regulatory clarity under the new administration is expected to remove longstanding barriers, fostering further adoption of digital assets. Morehead believes that bipartisan support for blockchain innovation will eventually emerge in Congress, accelerating the industry’s growth.Pantera’s Track Record in Crypto Investments
Since its inception, Pantera’s Bitcoin Fund has achieved a lifetime return of 131,165%. The firm began investing when Bitcoin traded at $65, marking the start of an impressive journey. Morehead highlighted Bitcoin’s potential to rival traditional financial assets, envisioning a $15 trillion market cap if his $740,000 projection is realized.
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