Podcasts: Pantera's $115k Bitcoin Price Target with Dan Morehead 🔗 3 years ago
- Category: Podcasts | What Bitcoin Did
- Author(s): Peter McCormack
- Published: 27th April 2021 13:43
“My prediction is that Bitcoin will be 213% higher a year from now...that puts it at $200K a year from now, and I know it sounds crazy but I think it’s likely to happen. ”
— Dan Morehead
Location: Remotely
Date: Friday 23rd April
Company: Pantera Capital
Role: Co-Founder & CEO
Dan Morehead is a veteran of Wall Street, having worked at Deutsche Bank and Goldman Sachs before co-founding Pantera Capital. He is the embodiment of institutional investors, and he is predicting bitcoin will hit $115k by August 2021.
In 2013, Pantera launched the first cryptocurrency fund in the U.S. and offered accredited investors direct exposure to bitcoin. The firm also provides insights and price targets based on historical performance, market conditions, and models like stock-to-flow.
While, historically, bitcoin has faced many challenges that have kept some investors at bay, with the availability of institutional custody solutions and increasing regulatory clarity, these investors are now entering the market.
This increased institutional adoption of bitcoin has been a significant driver of the current bull market. With $trillions in government deficits worsening asset inflation, corporations have begun looking to bitcoin to protect their wealth.
In this interview, I talk to Dan Morehead, a veteran investor and the co-founder & CEO of Pantera Capital. We discuss the Pantera price target, the firm's investment thesis for bitcoin and the impact of inflation.
This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
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Casa - The leading provider of Bitcoin multisig key security.
Exodus- The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger- State of the art Bitcoin hardware wallet
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WBD340 - Show Notes
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