Pantera founder: It is completely reasonable for BTC to rise 10 times again, but it is unlikely to see a 1,000-fold increase
Dan Morehead, the founder of Pantera Capital, said in a recent interview with Bankless that Bitcoin has indeed developed to a considerable scale and we cannot expect to see a 1000-fold growth anymore, as that would consume all the energy on earth. However, it is completely possible for Bitcoin to rise another 10 times to reach a market value of $15 trillion, compared to the total global financial assets of $500 trillion. Morehead added that he would not predict the situation 50 years from now, but within our current investment cycle, such as a 5-10 year time frame, it is completely reasonable for Bitcoin to rise another 10 times from its current position, without appearing crazy or overvalued.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hackers have come up with a new fraudulent scheme for Google users
Quantum Computing Puts to Rest the Myth of 'Lost Bitcoins'
AI Agent Luna Hired as Intern at Story Protocol
Luna, the main AI agent from Virtual Protocol, has been chosen as the new AI agent intern at Story Protocol
Interpol Targets Crypto Founder Richard Heart with Red Notice
A Red Notice is not an arrest warrant. Instead, it serves as a request for police worldwide to find and temporarily hold someone.