Bitcoin Could Hit $115K by August, Pantera’s Morehead Writes
“Bitcoin is now ahead of our April 2020 forecast schedule – to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter.
The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago.
Under that plan, the number of new bitcoin created with each new data block every 10 minutes or so gets cut in half roughly every four years. In theory, according to the stock-to-flow model, the bitcoin price should rise as the issuance rate declines.
Morehead’s predictions carry weight partly because of his prior Wall Street experience: Before founding Pantera in 2003, he served as head of macro trading for the hedge fund Tiger Management, and before that he worked as a trader at Deutsche Bank and Goldman Sachs.
Recommended News
-
Advisor Wechat Capital (AWC) Reshaping Investment Advisory
Summary: In today’s investment market, traditional investment advisory firms often cater exclusively to high-net-worth clients, leaving ordinary investors with limited access to professional financial services. These firms typically sustain their operations through hefty management fees and commissions, creating high entry barriers and expensive fees that deter many everyday investors. As a result, these investors often lack the necessary assistance and education to achieve long-term wealth accumulation. This model’s core issue is that average investors struggle to receive adequate support, which leaves many feeling overwhelmed or fearful of the investment market. In…
-
What is the Universal Basic Asset（UBA Finance）
Universal Basic Asset (UBA Finance) has attracted a lot of user attention, so is it worth your time? There are nearly 10,000 people mining online for free every day. How much profit can he bring you? In the cryptocurrency industry, people get rich every day, and people get huge airdrops every day, just because they pay attention to some projects in advance and spend some time understanding and participating in them. Universal Basic Asset (UBA Finance) has recently been adopted by more and more users Mention, so what is he,…
-
Satoshi AI: The Super AI Bounds To Revolutionize Cryptocurrency Mining
The real OGs of Bitcoin came out with a groundbreaking solution in making crypto mining smarter and more sustainable by introducing the world’s very first DeFi Mining AI. After seven years of research and development, Satoshi AI today unveiled J – a revolutionary AI program that will bring a new exciting chapter in the advancement of artificial intelligence technology development. Satoshi AI is the artificial intelligence program initiated by the Satoshi Foundation – a group of BTC enthusiasts and techies since the birth of BTC. As…
-
Lynk Announces Launch on Arbitrum to Bolster its Decentralized Network
Lynk, the SocialFi platform leveraging the power of its community and users to accelerate the development of the Web3 economy, has been making waves in the space with its latest announcement on its launch and development on Arbitrum. With a vision to create the largest user-owned community of brilliant minds building the next iteration of the Internet, Lynk seeks to provide a platform that empowers and supports everyone – developers, entrepreneurs, and users within the space with the tools and resources they need to succeed in a Web3 world….
-
Exploring the Intersection of Investment and Philanthropy: The All-weather Story FUND (TAWSF), Jonathan Blake, and Bridgewater Associates
In recent years, the traditional boundaries between investment and philanthropy have increasingly blurred, giving rise to new approaches that combine financial acumen with altruistic goals. The All-weather Story FUND (TAWSF), Jonathan Blake, and Bridgewater Associates represent a unique intersection where investment strategy meets charitable endeavors, aiming to create a lasting impact not only for investors but also for the communities in need. This article will explore the intricate relationship between strategic investing and philanthropy, focusing on how investment can be a catalyst for meaningful societal change. The All-weather Story FUND…
-
Gearing Up for the Next Big Leap, The HyperNation Announced in the Year-end Global Virtual Gala
This festive season has just gotten merrier with The HyperNation revealing more exciting development in the December grand event, ‘Whimsical Gaming Kingdom’. The year-end event, set to be the largest ever held by the first virtual nation, has received encouraging responses from the massive crowd who turned up at the virtual gala on 17 December 2022 08:00 EST. All attendants were amazed by the next big leap coming forth as the New Year 2023 approaches. The year 2022 has been an exhilarating journey for The HyperNation with numerous milestones achieved,…
-
Take off! The trend of Speed Deal is clear, and the strongest private placement is about to start!
Speed Deal (SDD for short) is an NFT trading platform under GA Foundation, an organization of NFT international alliance. It is underwritten by Singapore’s CLG blockchain guarantee agency and backed by top tier foundations in more than a dozen countries around the world, including Schroder Foundation, Franklin Tempel Fund and United Bernstein Fund. Recently, they announced that they will launch private placement in the near future. What is Speed Deal? The mission of the SDD platform is to reduce the barriers for users to enter the digital economy, establish ecological…
-
Eagle Crest Asset Management and Its AI Ambitions A Global Expansion
Summary: Since its founding in 2019, Eagle Crest Asset Management has been steadfast in its commitment to providing long-term value to clients through professional investment management and meticulous risk control strategies. With a client-first approach, the firm has built a strong reputation for its innovative solutions and personalized investment strategies, which are designed to meet the unique financial goals of each client. As the company evolves, it is turning its focus towards a new frontier: artificial intelligence (AI). Since its founding in 2019, Eagle Crest Asset Management has been steadfast in its commitment…
-
Entity Economy Forest Assets Innovator GMC is conducting a unique experiment in the RWA track.
Gold Mountain Coin (GMC), as the first project focused on the blockchain-based ecological innovation research of entity economy forest assets, stands out in the Real World Assets (RWA) track globally. Recently, the RWA track has once again attracted attention in the market, with many cryptocurrency institutions and enthusiasts believing that it holds significant market potential. As a pioneer in this field, GMC is driving further possibilities and development in this emerging market. With the increasing penetration of blockchain technology and cryptocurrency trading among ordinary investors, there is a growing…
-
Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment
Wall Street has been all over Bitcoin over the past few months due to the growth in the need for an inflation hedge and a relative stagnation in the price of gold relative to other asset classes. This much was confirmed just recently when a Wall Street veteran and former White House staffer launched a BTC fund with his own $25 million investment, showing that there is demand for the leading crypto asset. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Scaramucci Kickstarts Bitcoin Fund According to…
