{"id":154335,"date":"2021-01-14T14:25:56","date_gmt":"2021-01-14T11:25:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/pantera-capital-ceo-doubles-down-on-115k-bitcoin-prediction-for-2021\/"},"modified":"2021-01-14T14:25:56","modified_gmt":"2021-01-14T11:25:56","slug":"pantera-capital-ceo-doubles-down-on-115k-bitcoin-prediction-for-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/pantera-capital-ceo-doubles-down-on-115k-bitcoin-prediction-for-2021\/","title":{"rendered":"# Pantera Capital CEO doubles down on $115K Bitcoin prediction for 2021"},"content":{"rendered":"<p>&#8220;<strong># Pantera Capital CEO doubles down on $115K Bitcoin prediction for 2021 <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvYjlhYTNlMmMtNjYxNy00YjIyLWJiY2UtNzI4NmZjZjc1NTlmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Dan Morehead, founder and CEO of Bitcoin (BTC) investment firm Pantera Capital, has maintained his bullish Bitcoin prediction for 2021.<\/p>\n<p>Bitcoin\u00a0is poised to hit as much as $115,000 by August 2021, surging 200% in the next eight months, Morehead reportedly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/pantera-says-bitcoin-will-reach-115000-by-august-2021\/\">said<\/a> at a conference call on Jan. 12.\u00a0<\/p>\n<p>The exec initially made this prediction in August 2020, when Bitcoin was trading at about $11,600. At publishing time, the cryptocurrency is trading at over $38,000. On Tuesday, Morehead said that Bitcoin still has lots of room for growth:<\/p>\n<blockquote><p>\u201cIs bitcoin overvalued? I would say no. [&#8230;] Bitcoin has spent three years well below its long-term compound annual growth trend line, it\u2019s still below it, and although Bitcoin has rallied a great deal over the last six months, I think it is fairly valued.\u201d<\/p><\/blockquote>\n<p>Morehead believes that major global digital currency developments like China\u2019s digital yuan will positively impact the crypto market by boosting mainstream adoption. \u201cThere are over a billion people on earth that do not have access to a bank, but do have access to a smartphone, and that\u2019s all you need to use a cryptocurrency,\u201d Morehead said.<\/p>\n<p>Joey Krug, co-chief information officer of Pantera, said that Bitcoin\u2019s ongoing bull run is different from previous rallies and will not end the same way as its previous run in 2017. Krug said that the latest rally is much stronger in terms of adoption fundamentals.\u00a0<\/p>\n<p>\u201cThe high level fundamentals for 2017 was that there really wasn\u2019t much fundamentals at all, most projects were just an idea on a piece of paper, most things hadn\u2019t launched, most things didn\u2019t have live products,\u201d he stated.<\/p>\n<p>Morehead is not alone in believing that Bitcoin will reach $100,000 in 2021. In early January, Binance.US CEO Catherine Coley predicted that Bitcoin could hit $100,000 by the end of the year. PlanB, the creator of the stock-to-flow model, also predicted that Bitcoin should achieve the $100,000 to $288,000 range by December 2021.<\/p>\n<p>On Jan. 8, Bitcoin set a new historical high of $42,000, following a massive rally\u00a0breaking $20,000 at the end of 2020. Following a correction, Bitcoin is steadily rebounding, trading at $38,600, up about 12% over the past 24 hours at publishing time.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/pantera-capital-ceo-doubles-down-115k-bitcoin-prediction-for-2021\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Pantera Capital CEO doubles down on $115K Bitcoin prediction for 2021 &#8221; Dan Morehead, founder and CEO of Bitcoin (BTC) investment firm Pantera Capital, has maintained his bullish Bitcoin prediction for 2021. Bitcoin\u00a0is poised to hit as much as $115,000 by August 2021, surging 200% in the next eight months, Morehead reportedly said at&#8230;<\/p>\n","protected":false},"author":1,"featured_media":154336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/b9aa3e2c-6617-4b22-bbce-7286fcf7559f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74863,80823,68637,4965,71745],"class_list":["post-154335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-pantera-capital","tag-predictions","tag-technology","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/154335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=154335"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/154335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/154336"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=154335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=154335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=154335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}