1042: BITCOIN HAS BOTTOMED AND ON CUSP OF $300K BULL MARKET RALLY, SAYS CEO OF $4.5 BILLION CRYPTO FUND!!

The founder and CEO of crypto asset fund Pantera Capital, Dan Morehead, is expressing bullish sentiment on Bitcoin, predicting a 15x rally over the next 5 years, suggesting a $300,000 BTC price action. Asked to reveal his end-of-year and five-year price target for Bitcoin, the Pantera Capital CEO says that the flagship crypto asset is likely to maintain the average annual growth rate of 150% “for a while.” “Bitcoin as a proxy for the industry has averaged 2.5x a year for eleven years. So that’s always kind of my standard forecast is that it will probably keep going at that same growth rate for a while.” Learn more about your ad choices. Visit megaphone.fm/adchoices