Bitcoin’s Price To Double Every Year, Pantera Capital CEO Dan Morehead Says

The mind-blowing predicitons about the price of Bitcoin continue. Check out the latest one saying that the king coin will double its price every year.

In a recent interview with CNBC, CEO of Pantera Capital, Dan Morehead, expressed his belief that Bitcoin’s lackluster price performance in the last two years is merely a temporary deviation from its overall growth trend.

Morehead anticipates that Bitcoin will soon resume its explosive price gains and continue to double in value every year, based on its 14-year trend growth of 145% annually.

He also predicts that the blockchain industry is currently experiencing a 20-year secular bull market. However, Morehead believes that Bitcoin’s upward momentum will eventually flatten out once ownership becomes widespread.

The CEO believes that equities are currently overvalued, while real estate is on a decline from its all-time highs. Allocating funds to bonds is also considered risky.

As a result, he predicts a downward trend for equities in the next few years.

However, there are a few asset classes that could be considered a more viable option, such as real commodities and blockchain.

The CEO asserts that blockchain is a trillion-dollar asset class, with most institutions having no exposure to it. Therefore, he recommends increasing exposure to blockchain by a few percent.

As of writing, Bitcoin is trading at $27,434 and has experienced a slight drop of 1.5% in the past 24 hours.

According to a popular crypto trader, Bitcoin (BTC) is preparing to reach new heights and Chainlink’s (LINK) final corrective moves have been plotted.

The crypto analyst, Michaël van de Poppe, has informed his 668,000 followers on X, a social media platform, that BTC is poised to aim for new highs.

A few days ago, Van de Poppe mentioned that BTC was consolidating, which he believes will give some altcoins the necessary momentum. Check out our previous article in order to learn more details.