According to ChainCatcher's message, Pantera founder Dan Morehead predicts that with the return of Donald Trump, the "blockchain-supporting" elected US president, to the White House, Bitcoin could soar to $740,000.
Morehead said that Pantera's Bitcoin Fund, which focuses on cryptocurrencies, has achieved a historical return of 131,165% since its inception in 2013. "Bit has already grown by three orders of magnitude," he said, "and another one seems possible."
According to Morehead's theory, Bit has been on a trend line, and if it continues to grow, its price may reach $740,000 by April 2028. Since Pantera started investing, Bit has almost doubled in value every year, with a compound annual growth rate of about 88%.
He added, "Compared to the $500 trillion in financial assets, this figure is not unimaginable." At a price of $740,000, Bit's market capitalization would reach $15 trillion. (The Block)
