Pantera Capital founder predicts 10,000% increase in Bitcoin value, citing growing user base and market cap

From Investing.com

December 29, 2024 10:30 AM:

Dan Morehead of Pantera Capital predicts that the number of cryptocurrency users could grow to 5 billion in the next 10 years, reshaping the financial landscape. He believes Bitcoin’s market capitalization could reach $15 trillion by 2028, driven by its steady performance and role in technological and economic change.

Bitcoin has been doubling in value annually for 11 years, defying critics who claim it’s overvalued. Morehead’s bold predictions for the next 20 years involve structural shifts as blockchain technology and cryptocurrencies become more integrated into global systems. His track record from 2013, when BTC was trading at $65, lends credibility to his forecasts.

Read more at Investing.com: Bitcoin to Rocket 10,000%? Pantera Capital Founder Says Yes By U.Today