{"id":26962,"date":"2020-08-06T17:42:10","date_gmt":"2020-08-06T14:42:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26962"},"modified":"2025-08-26T17:49:41","modified_gmt":"2025-08-26T14:49:41","slug":"pantera-capital-chief-bitcoin-could-reach-100000-within-two-years","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/pantera-capital-chief-bitcoin-could-reach-100000-within-two-years\/","title":{"rendered":"Pantera Capital chief: Bitcoin could reach $100,000 within two years"},"content":{"rendered":"<p>CEO of the Pantera Capital cryptocurrency hedge fund Dan Morehead, in a Thinking Crypto podcast, confirmed his expectations regarding a six-figure Bitcoin price. He also reported a large share of Ethereum, Polkadot, Filecoin, Augur and 0x in the company&#8217;s portfolio.<!--more--><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/2PJ2ca0I8hk\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>The CEO of the cryptocurrency hedge fund remains optimistic about Bitcoin\u2019s prospects. According to Morehead\u2019s calculations, its price triples over a long time horizon. This occurs despite headlines about manic bull and bear rallies.<\/p>\n<p>Morehead also believes that, due to the market\u2019s inherent inefficiency, the impact of the halving is not strongly reflected in BTC\u2019s price before it occurs.<\/p>\n<blockquote>\n<p>&#8220;The last two halvings were preceded by clear positive momentum. They began roughly five quarters before the twofold reduction in mining rewards and continued 440 days after this event. The main movement occurred in the second phase,&#8221; he shared his observations.<\/p>\n<\/blockquote>\n<p>Based on analysis of previous halvings, Pantera Capital analysts suggested Bitcoin has potential to rise to $115,000 by next August. Morehead believes such a scenario is &#8216;quite possible&#8217;. But his personal forecast is $100,000 within two years.<\/p>\n<p>The Pantera Capital chief likened Bitcoin\u2019s prospects to early-stage venture-investment forecasts. In his view, ordinary investors should invest no more than they are willing to lose, and should aim to hold positions for 10-15 years.<\/p>\n<p>Morehead also noted the rapid development of custody services. He is confident that the emergence of such platforms has created conditions for institutional investors to enter. However, the Pantera Capital chief is convinced whales are unlikely to queue up; the process of institutionalization will be gradual.<\/p>\n<blockquote>\n<p>&#8220;There is a misconception that there will be a lightning-fast transition as if flipping a light switch\u2014from &#8216;off&#8217; to &#8216;on&#8217;. This is not a straightforward matter. Institutional investors were around in 2013 as well. It is possible that well-known and respected institutions will emerge within five years. This is a process. It is ongoing&#8221;, he concluded.<\/p>\n<\/blockquote>\n<p>In total, Pantera Capital manages assets of about $600 million, a portion of which belongs to Morehead himself.<\/p>\n<p>Messari analyst Ryan Watkins estimated Bitcoin at $50,000 on the assumption that institutions allocate 1% of their funds to Bitcoin.<\/p>\n<p>Fidelity Investments found that 36% of 774 large clients surveyed in the United States and Europe added digital assets to their portfolios.<\/p>\n<p>Subscribe to ForkLog\u2019s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of Pantera Capital, Dan Morehead, confirmed his six-figure Bitcoin price expectations during the Thinking Crypto podcast. He also noted a large allocation to Ethereum, Polkadot, Filecoin, Augur and 0x in the firm\u2019s portfolio.<\/p>\n","protected":false},"author":1,"featured_media":26963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1146,1156,1296],"class_list":["post-26962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts","tag-institutional-investors-and-whales","tag-pantera-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26962"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26962\/revisions"}],"predecessor-version":[{"id":26964,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26962\/revisions\/26964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26963"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}