Bitcoin Price Could Hit $740.000 by April 2028, Pantera Capital Founder Believes

Pantera Capital founder and former Goldman Sachs Group bond trader Dan Morehead shared his very bullish outlook on the rising price of Bitcoin in the future. Morehead revealed that he believes Bitcoin could reach an impressive $740.000 by April 2028.

In a recent post, Morehead highlighted the launch of Pantera’s investments which happened at the lowest print in 11 years. “The day we chose to launch the Pantera Bitcoin Fund was literally the lowest day in the last eleven years.”

Source: Panther Capital

The executive recalled that the company's first Bitcoin investment was sold for $65. Pantera's Bitcoin Fund was launched in 2013 and marked the era by being one of the first investment vehicles in the United States that offered exposure to Bitcoin, when the largest cryptocurrency was trading at $74.

In his recent statement, Dan Morehead highlighted that Bitcoin is the “first global currency since gold” and the “first borderless payment system ever.”

“Bitcoin dominates cash, fiat e-money, gold, bearer bonds, big slabs of stone, etc. It can do all the things each of these can do. It is the first global currency since gold. It is the first borderless payment system ever,” wrote Dan Morehead of Pantera Capital in a release .

Morehead emphasized his prediction that Bitcoin is on a trendline that will see it reach $740.000 by April 2028 if it continues its current growth rate. According to the Pantera Capital founder, at a price of $740.000, Bitcoin will have a market cap of $15 trillion.

“If and when bitcoin hits $740.000/BTC, that’s a $15 trillion market cap. That’s not an inconceivable number, given $500 trillion in financial assets. While the past doesn’t necessarily predict the future, if the trend were to continue, bitcoin would hit $740.000 by April 2028. I think it will take a few more years, but I believe there’s a good chance it will happen.”

At the time of publication, the price of Bitcoin was quoted at US$93.372,40, up 1.2% in the last 24 hours.