Pantera founder: Bitcoin price could hit $740,000 in April 2028

Pantera founder Dan Morehead predicts that Bitcoin could surge to $740,000 as “blockchain-friendly” US President-elect Donald Trump returns to the White House.

Morehead said its cryptocurrency-focused Pantera Bitcoin Fund has generated a historical return of 131,165% since its inception in 2013. "Bitcoin has completed three orders of magnitude growth," he said, "and another one seems possible." According to Morehead's theory, Bitcoin has been on a trend line, and if it continues to maintain its growth pattern, it will be in 4 by 2028 In March, its price may reach $740,000. Bitcoin has doubled almost every year since Pantera began investing, with a compound annual growth rate of about 88%.

“Relative to $500 trillion in financial assets, this number is not unthinkable,” he added. At a price of $740,000, Bitcoin would have a market cap of $15 trillion.