{"id":468593,"date":"2021-08-03T17:00:22","date_gmt":"2021-08-03T17:00:22","guid":{"rendered":"https:\/\/ktsl888.com\/?p=468593"},"modified":"2024-06-11T12:56:46","modified_gmt":"2024-06-11T12:56:46","slug":"bitcoin-to-surpass-120000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-to-surpass-120000\/","title":{"rendered":"Bitcoin To Surpass $120,000 In A Year, Says Pantera CEO"},"content":{"rendered":"<p class=\"p1\">Pantera <a href=\"https:\/\/blockworks.co\/pantera-ceo-now-is-the-time-to-buy-hodl-bitcoin\/#:~:text=Based%20on%20the%20idea%20that,and%20co%2Dchief%20investment%20officer.\" rel=\"nofollow\">CEO Dan Morehead<\/a> has recently revealed his predictions for the price of bitcoin going forward. The CEO runs Pantera Capital, which runs the first bitcoin fund that was launched in the United States. Pantera\u2019s bitcoin fund was launched in 2013, back when the digital asset was worth only $65 per coin.<\/p>\n<p class=\"p1\">Given the impeccable timing of when the fund got into bitcoin, it is not surprising that the founder\u2019s thoughts are taken seriously in the cryptocurrency space.<span class=\"Apple-converted-space\">\u00a0 <\/span>The fund continues to see continued support as more institutional investors are getting into the digital asset. Seeing the recent price dips as a buying opportunity to get into the pioneer cryptocurrency.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/ktsl888.com\/analysis\/btc\/expert-predicts-162k-bitcoin-peak\/\">On-Chain Expert Predicts $162K Bitcoin Peak This Cycle<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">A report from <a href=\"https:\/\/www.reuters.com\/article\/us-crypto-currency-pantera-gmf-idUSKBN2F40HS\" rel=\"nofollow\">Reuters<\/a> outlined a couple of price predictions made by the fund manager regarding the price of bitcoin. Morehead talked about where he sees the price ending and increased regulatory actions being taken against cryptocurrencies.<\/p>\n<h2 class=\"p1\">Mainstream Adoption To Push Bitcoin Higher<\/h2>\n<p class=\"p1\">Talking about where bitcoin will be by the end of 2021, Morehead put the price of the digital asset at as much as $80,000 and $90,000 by the end of the year. Morehead also put the price of the digital asset at over $120,000 within the span of a year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/PbjoQ8za\/\" alt=\"Bitcoin price chart from TradingView.com\" width=\"1348\" height=\"705\"><\/p>\n<pre style=\"text-align: center\">Declining momentum in bitcoin price | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/UG2tjOD6\/\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p class=\"p1\">Going further with the predictions, CEO Dan Morehead put the price of the digital asset at as high as $700,000 in the next decade. The recent price dips and volatility do not seem to faze the fund manager as his price predictions continue to be on the high side.<\/p>\n<p class=\"p1\">Morehead&#8217;s predictions come despite speculations in the market being the cryptocurrency market might well be headed in the direction of a long bear market.<\/p>\n<h2 class=\"p1\">Increased Regulation Crackdowns In The Market<\/h2>\n<p class=\"p1\">Talking about where regulation in the market is headed, the Pantera CEO explained that going forward, there would be increased regulatory scrutiny in the market. Pointing to the <a href=\"https:\/\/bitcoinist.com\/binance-ceos-wants-to-work-with-regulators-to-get-licensed-everywhere\/\" rel=\"nofollow\">regulatory crackdowns that Binance has experienced<\/a> in different countries recently. Morehead referred to the increased regulatory scrutiny as a \u201ctransition\u201d phase for the crypto market.<\/p>\n<p class=\"p1\">The crypto market in general has seen increasing regulatory debates from countries around the world. United States lawmakers continue to introduce <a href=\"https:\/\/www.nasdaq.com\/articles\/us-lawmakers-introduce-bill-to-clarify-crypto-regulations-2021-03-09\" rel=\"nofollow\">bills<\/a> aimed at providing proper regulations for the crypto market.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-more-oversold-says-analyst\/\">Bitcoin Is More Oversold Than It Was At ATH In April, Says Analyst<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">Meanwhile, other countries continue to show favorable trends for cryptocurrencies. Earlier in the year, El Salvador\u2019s president <a href=\"https:\/\/owiebest.medium.com\/bitcoin-el-salvador-to-make-bitcoin-a-legal-tender-alongside-usd-88bf8129e556?source=your_stories_page-------------------------------------\" rel=\"nofollow\">announced<\/a> that the country would be accepting bitcoin as a legal tender. This is scheduled to go into full effect in September of this year.<\/p>\n<p class=\"p1\">Dan Morehead\u2019s fund, Pantera Capital, currently manages $2.8 billion in blockchain-related assets. And the fund has invested in crypto exchanges including Coinbase and Binance.<\/p>\n<pre style=\"text-align: center\">Featured image from PYMNTS.com, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Pantera CEO Dan Morehead has recently revealed his predictions for the price of bitcoin going forward. The CEO runs Pantera Capital, which runs the first bitcoin fund that was launched in the United States. Pantera\u2019s bitcoin fund was launched in 2013, back when the digital asset was worth only $65 per coin. Given the impeccable timing of when the fund got into bitcoin, it is not surprising that the founder\u2019s thoughts are taken seriously in the cryptocurrency space.\u00a0 The fund continues to see continued support as more institutional investors are getting into the digital asset. Seeing the recent price dips as a buying opportunity to get into the pioneer cryptocurrency. Related Reading |\u00a0On-Chain Expert Predicts $162K Bitcoin Peak This Cycle A report from Reuters outlined a couple of price predictions made by the fund manager regarding the price of bitcoin. Morehead talked about where he sees the price ending and increased regulatory actions being taken against cryptocurrencies. Mainstream Adoption To Push Bitcoin Higher Talking about where bitcoin will be by the end of 2021, Morehead put the price of the digital asset at as much as $80,000 and $90,000 by the end of the year. Morehead also put the price of the digital asset at over $120,000 within the span of a year. Declining momentum in bitcoin price | Source: BTCUSD on TradingView.com Going further with the predictions, CEO Dan Morehead put the price of the digital asset at as high as $700,000 in the next decade. The recent price dips and volatility do not seem to faze the fund manager as his price predictions continue to be on the high side. Morehead&#8217;s predictions come despite speculations in the market being the cryptocurrency market might well be headed in the direction of a long bear market. Increased Regulation Crackdowns In The Market Talking about where regulation in the market is headed, the Pantera CEO explained that going forward, there would be increased regulatory scrutiny in the market. Pointing to the regulatory crackdowns that Binance has experienced in different countries recently. Morehead referred to the increased regulatory scrutiny as a \u201ctransition\u201d phase for the crypto market. The crypto market in general has seen increasing regulatory debates from countries around the world. United States lawmakers continue to introduce bills aimed at providing proper regulations for the crypto market. Related Reading |\u00a0Bitcoin Is More Oversold Than It Was At ATH In April, Says Analyst Meanwhile, other countries continue to show favorable trends for cryptocurrencies. Earlier in the year, El Salvador\u2019s president announced that the country would be accepting bitcoin as a legal tender. This is scheduled to go into full effect in September of this year. Dan Morehead\u2019s fund, Pantera Capital, currently manages $2.8 billion in blockchain-related assets. And the fund has invested in crypto exchanges including Coinbase and Binance. Featured image from PYMNTS.com, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":468594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6848,1119,1144,78790,1609,3321],"class_list":["post-468593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price-prediction","tag-btc","tag-btcusd","tag-btcusdt","tag-dan-morehead","tag-pantera"],"acf":[],"yoast_head":"\n<title>Bitcoin To Surpass $120,000 In A Year, Says Pantera CEO<\/title>\n<meta name=\"description\" content=\"Pantera CEO Dan Morehead has recently revealed his predictions for the price of bitcoin going forward. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. 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