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Dan Morehead: Bitcoin will reach $ 42,000 by the end of the year

Dan-Morehead-Bitcoin-will-reach--42000 Dan Morehead | CEO of Pantera Capital

According to the CEO of Pantera Capital investment company Dan Morehead, by the end of the year the rate of the first cryptocurrency could reach $ 42,000.

Speaking in the podcast Morehead said that his company adheres to the views of analysts who talk about the growth of Bitcoin, based on the trend lines. He also noted that the price of the first cryptocurrency may well exceed the mark of $ 350,000 by 2021.

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Pantera Capital: Bitcoin will exceed the previous record mark of $ 20,000

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Pantera Capital Management, one of the leading investors in the cryptocurrency industry, expressed a "firm belief" that Bitcoin had found its bottom mark. The fund assumes that the price of $ 6,500 will be the lowest indicator of the current bear market, and also predicts that the markets are likely to reach new record highs within 12 months. About this Pantera Capital, an investment company operating exclusively in the industry of cryptocurrency and blockchain, said in a letter published on the website Medium. Pantera refers to a number of factors, explaining prediction.

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Analysts predict the recovery of the cryptocurrency market

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The founder and head of investment company Pantera Capital, Dan Morehead, made a very optimistic statement about the Bitcoin and the cryptocurrency market in general. Speaking in the Fast Money program on CNBC, Morehead said that the events taking place on the market should not be considered catastrophic. According to historical data, the drop in the rate of Bitcoin does not contradict an absolutely normal scenario, and in addition, the financier expects a change in the market trend in the near future.

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Pantera Capital: next week the price of Bitcoin will drop by 50%

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Dan Morehead, a Cryptocurrency investor, president and founder of Pantera Capital, told CNBC that next week, that is, the last week before the New Year, the price of Bitcoin could drop 50% to its lowest level since early November. This statement looks a bit strange on the background of the recent news that the company's hedge fund, Pantera Bitcoin, owns a record profit of 25,004%! Perhaps, after fixing such an excellent result, the company wants to repeat the success, for which it would be extremely useful for a temporary collapse of the Cryptocurrency? Later Morehead added that eventually Bitcoin would far exceed its current value.

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