During a recent interview with CNBC, Pantera Capital CEO Dan Morehead said Bitcoin (BTC) will hit the $750,000 mark within the next four years. Pantera claims to be the first US-based cryptocurrency fund, which launched when Bitcoin (BTC) was trading at $65 in 2013. Morehead is unsure when BTC will hit the much-predicted $1 million mark, but believes it will happen within his lifetime. In this price prediction article, let’s discuss when Bitcoin (BTC) could hit the seven-digit figure.
Bitcoin Price Prediction: $1 Million a Reality by 2030?
Bitcoin (BTC) hitting the $1 million mark has been forecasted by several industry heavyweights. Binance founder Changpeng Zhao (CZ) stated that BTC could hit somewhere between $500,000 and $1 million this cycle. ARK Invest CEO Cathie Wood also believes BTC will eventually hit $1 million. Bitcoin maximalist Michael Saylor is also of a similar opinion.
Bitcoin (BTC) is the best-performing financial asset of the last decade and a half. The asset climbed to an all-time high of $124,128 in August of this year. If BTC maintains its bullish trajectory, it could very well hit the seven-digit figure by the end of this decade.
Bitcoin’s (BTC) ETF products have seen incredible adoption over the last year. The ETF launch has led to many financial institutions opening their doors to crypto investments. BlackRock, the world’s largest asset manager, has been substantially bullish on BTC. BlackRock CEO Larry Fink went as far as to say that cryptocurrencies like Bitcoin (BTC) could eventually replace the US dollar as the global reserve currency.
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While Morehead’s bullish Bitcoin (BTC) forecast has led to a lot of online buzz, the Patera Capital CEO also shed light on Solana (SOL). Morehead called the SOL network the best-performing blockchain in the last four years, outshining the Bitcoin network. Morehead also highlighted that SOL is Pantera’s biggest position, with $1.1 billion invested.