Bitcoin To Surpass $120,000 In A Year, Says Pantera CEO

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’s 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’s thoughts are taken seriously in the cryptocurrency space. 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 | On-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 as...