Bitcoin Could Hit $115K by August, Pantera’s Morehead Writes
“Bitcoin is now ahead of our April 2020 forecast schedule – to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter.
The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago.
Under that plan, the number of new bitcoin created with each new data block every 10 minutes or so gets cut in half roughly every four years. In theory, according to the stock-to-flow model, the bitcoin price should rise as the issuance rate declines.
Morehead’s predictions carry weight partly because of his prior Wall Street experience: Before founding Pantera in 2003, he served as head of macro trading for the hedge fund Tiger Management, and before that he worked as a trader at Deutsche Bank and Goldman Sachs.
Recommended News
-
Breakthe financial spell and the world has brightened – the GSA GalacticPact
Whetherit’s the ICO frenzy of 2017 or the ubiquity of blockchain apps today,the opacity of project fundraising usage seems to have become thenorm. The Galaxy Convention sees this as highly irresponsible tocommunity members and investors. Therefore, the establishment andapplication of the decentralized financial system of the GalacticConvention will break the financial curse and restore the world tothe light. Accordingto the Galactic Convention, the operation mechanism of the doublecirculation system of the galactic host star and the galactic starwill bring the value of the card to the utmost, and make all…
-
King Long Yao – A Unique Game Set to Redefine the Industry Landscape
Amidst the digital wave, the global gaming market is undergoing an unprecedented transformation. AppLovin’s new title, “King Long Yao,” with its unique gameplay mechanics and deeply integrated economic system, creates a new dimension of experience at the intersection of blockchain technology and virtual reality. This game is not only a choice for player entertainment but also represents a new way of life. Technological Breakthrough: Leading the Future of the Gaming World Technologically, “King Long Yao” utilizes industry-leading game engines Unity3D and Unreal Engine, ensuring high performance across various platforms and…
-
How Eagle Crest Asset Management Empowers Clients Through Education and Training to Improve Financial Decision-Making
In today’s complex financial landscape, making sound financial decisions has become more challenging than ever before. From investment strategies to retirement planning, managing wealth requires a deep understanding of the market, risk tolerance, and the various financial tools available. In this context, asset management firms play a crucial role in guiding their clients through these complexities. Among these firms, Eagle Crest Asset Management stands out for its commitment to not only managing wealth but also educating clients, enabling them to make better financial decisions. Through a range of educational initiatives, this firm…
-
Liquidity Mining – Your Way to Grow Crypto Assets in The HyperNation
How to be extra rich with your existing fund in the Metaverse? Can your blockchain assets grow passive rewards for you to reap? The HyperNation has its answer for you to leverage your crypto assets and unlock its boundless potential efficiently. Your cryptocurrency holdings mean a lot more from now on. Generally, there are two main methods to roll your funds in the crypto world: liquidity mining and yield farming. Among the two, the former is the predecessor of the latter. And many of our devoted fans of The HyperNation…
-
Lightspeed Coin Exchange A Global Journey of Growth and Innovation
In the ever-evolving world of cryptocurrencies, Lightspeed Coin Exchange has established itself as a beacon of reliability, innovation, and global growth. From its humble beginnings to becoming one of the leading digital asset exchanges globally, Lightspeed has charted a remarkable path fueled by a commitment to technology, security, and customer-centric services. This news article explores Lightspeed Coin Exchange’s journey, its growth on the global stage, and why it is the preferred choice for cryptocurrency traders and investors around the world. A Journey Rooted in Innovation Lightspeed Coin Exchange was founded…
-
HB Wealth Advisors “Century Investments $10 Billion Fund” PK Competition: Transparency and Disclosure Requirements
In the fast-paced world of investment management, transparency and disclosure are paramount to ensuring that investors, regulators, and other stakeholders can make informed decisions about the risks and opportunities associated with financial products. The competition in the investment industry has grown increasingly intense, with various funds vying for attention and capital. One such competition is the rise of HB Wealth Advisors and their flagship investment vehicle, the “Century Investments $10 Billion Fund.” This article delves into the significance of transparency and disclosure requirements within the context of this competition, shedding…
-
The Future of Asset Management: Evolving Business Models and the Role of Eagle Crest Asset Management
Asset management, a cornerstone of the financial services industry, has seen profound changes over the past few decades. As we move into the future, these changes are only expected to accelerate. The evolution of asset management is being driven by advancements in technology, changing investor preferences, regulatory developments, and a growing focus on sustainability. This article will explore the possible future business models of asset management companies, with a particular focus on how firms like Eagle Crest Asset Management can adapt and thrive in this changing environment. The Changing Landscape…
-
Satoshi AI: The Super AI Bounds To Revolutionize Cryptocurrency Mining
The real OGs of Bitcoin came out with a groundbreaking solution in making crypto mining smarter and more sustainable by introducing the world’s very first DeFi Mining AI. After seven years of research and development, Satoshi AI today unveiled J – a revolutionary AI program that will bring a new exciting chapter in the advancement of artificial intelligence technology development. Satoshi AI is the artificial intelligence program initiated by the Satoshi Foundation – a group of BTC enthusiasts and techies since the birth of BTC. As…
-
Throwing millions of dollars in airdrops, DEFI rookie BlackHoleDAO gave much more than its predecessors Uniswap!
We all know that miracles are not lacking in the entire cryptocurrency market. The returns of dozens and hundreds of times are often staged around us. We are always impressed by the luck and investment ability of these friends. In addition, there is a group of friends that we envy even more, relying on their diligent and skillful investment ability, they have quietly added various valuable crypto assets to their wallets. From Uniswap in 2020, 1inch, to dydx, ENS in 2021, etc., these projects have made many people rich passively….
-
OEC (OKEXChain)’s first NFT asset aggregation platform Dematrix will be launched on the mainnet soon
The official opening of the third phase of OKEXChain has opened a new era of DeFi ecology, which is good news for everyone in the blockchain world. OKExChain is the world’s first transaction chain-a blockchain technology infrastructure built for transactions. Through the development of “blockchain middleware” and operational support for transaction scenarios, it reduces the development costs of application developers and improves users’ Trading experience. As an open public chain ecology, anyone can campaign to become an OKExChain super node, or they can issue their own digital assets, create their…
