BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\nAt the time of writing, the leading crypto has regained the $93,000 level, while recording a 1.5% decline in the 24-hour timeframe.\u00a0<\/span><\/p>\nFeatured image from DALL-E, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"As Bitcoin (BTC) prices faced a correction on Tuesday, Dan Morehead, founder and managing partner of Pantera Capital, expressed optimism about the cryptocurrency’s future. In a recent interview, he suggested that the current market challenges could be temporary and that the rally might not be over. Bullish Future For Bitcoin Amid Regulatory Shifts\u00a0 Reflecting on Pantera Capital\u2019s journey since launching its Bitcoin fund 11 years ago, Morehead acknowledged the skepticism they faced in 2013. \u201cPeople totally thought we were crazy in 2013,\u201d he stated, emphasizing the persistent negativity surrounding Bitcoin.\u00a0 The executive views this prevailing pessimism as a positive sign, reinforcing his bullish stance. \u201cSo many people are still negative. It\u2019s far from being a bubble,\u201d Morehead told Bloomberg. Related Reading: Bitcoin Price Alert: Expert Warns Of Upcoming 25% Drop, Timing And Trends Explained Pantera\u2019s Bitcoin fund has yielded a substantial lifetime return of 132,118% since its inception in July 2013, when Bitcoin was valued at just $74. Morehead predicts that Bitcoin could eventually reach $740,000, attributing this potential growth to a changing regulatory landscape.\u00a0 Morehead highlighted the shift from \u201c15-year regulatory headwinds to tailwinds,\u201d particularly citing the more crypto-friendly policies expected from the administration of President-elect Donald Trump. The original Bitcoin fund launched by Pantera is notable for being the first to provide US investors with direct exposure to the cryptocurrency. Having recently traded around $91,000 after nearing $100,000 last week, the Bitcoin price has surged approximately 120% this year. Advocating For Crypto Reserves Morehead also discussed Pantera\u2019s new venture fund, Pantera Fund V, which aims to raise $1 billion to invest in various blockchain assets, including private tokens and \u201cspecial opportunities\u201d such as locked Solana (SOL) tokens from the FTX estate.\u00a0 \u201cFortunately, we raised the big fund right before the industry-wide blowups in 2022,\u201d Morehead remarked, noting that this timing has allowed them to deploy capital effectively over the last few years.\u00a0 The company\u2019s founder pointed out that many \u201cgeneralist firms\u201d have exited the cryptocurrency space, leaving fewer competitors in the market. This environment has reportedly enabled Pantera Capital to secure \u201cbetter pricing and more advantageous deals.\u201d Related Reading: BNB Price Sets Up for a Comeback: Bulls Eye Higher Levels Morehead, who has a background as a trader at Goldman Sachs, also commented on Trump\u2019s proposal for a US Bitcoin stockpile. He described the idea as \u201crational,\u201d arguing that holding gold as a reserve is an \u201coutdated method\u201d of storing wealth. \u201cIf they put some of that money in Bitcoin, that is a fantastic way to have a reserve currency holding,\u201d he concluded. At the time of writing, the leading crypto has regained the $93,000 level, while recording a 1.5% decline in the 24-hour timeframe.\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":638117,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,485,656,679,1119,1122,1144,78790,6664,14690,1558,3322],"class_list":["post-655060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-chart","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-news","tag-cryptocurrency","tag-pantera-capital"],"acf":[],"yoast_head":"\n
Pantera's Vision: Bitcoin Fund Forecasts $740,000 Price Tag By April 2028<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n