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1042: BITCOIN HAS BOTTOMED AND ON CUSP OF $300K BULL MARKET RALLY, SAYS CEO OF $4.5 BILLION CRYPTO FUND!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1042: BITCOIN HAS BOTTOMED AND ON CUSP OF $300K BULL MARKET RALLY, SAYS CEO OF $4.5 BILLION CRYPTO FUND!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
24 minutes
Released:
Sep 9, 2022
Format:
Podcast episode
Description
The founder and CEO of crypto asset fund Pantera Capital, Dan Morehead, is expressing bullish sentiment on Bitcoin, predicting a 15x rally over the next 5 years, suggesting a $300,000 BTC price action.
Asked to reveal his end-of-year and five-year price target for Bitcoin, the Pantera Capital CEO says that the flagship crypto asset is likely to maintain the average annual growth rate of 150% “for a while.”
“Bitcoin as a proxy for the industry has averaged 2.5x a year for eleven years. So that’s always kind of my standard forecast is that it will probably keep going at that same growth rate for a while.”
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Asked to reveal his end-of-year and five-year price target for Bitcoin, the Pantera Capital CEO says that the flagship crypto asset is likely to maintain the average annual growth rate of 150% “for a while.”
“Bitcoin as a proxy for the industry has averaged 2.5x a year for eleven years. So that’s always kind of my standard forecast is that it will probably keep going at that same growth rate for a while.”
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Released:
Sep 9, 2022
Format:
Podcast episode
Titles in the series (100)
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