Bitcoin Boom Just Beginning, Says Early Investor Predicting a Stellar Rally

Bitcoin’s winning streak has finally ended, with the crypto markets cooling off following a month of frenzied buying. As investors acclimatise to a new era under US President Donald Trump, BTC has settled around the US $90k (AU $140k) mark. 

Despite the minor slowdown, several in the industry believe November’s bull run was just the beginning for Bitcoin and friends. 

Dan Morehead, CEO of Pantera Capital Management, predicts the crypto market is on the brink of explosion – with a Bitcoin price of more than half a million USD on the cards.

Related: Australia Stuck In Crypto “Regulatory Slow Lane” Under Labor Government Says Senator Bragg

One of the United States’ First Crypto Funds Has Returned Over 100,000%

There’s bullish, and then there’s bullish.

Pantera Capital Management was one of the first private asset managers on the Bitcoin scene, releasing a BTC-based fund way back in 2013. At the time, BTC was trading for US $74 (about AU $100). So it is no surprise that Pantera’s Bitcoin fund has returned investors an absurd 132,118% since its inception.

It was one of the first such ways for American investors to access Bitcoin, outside of crypto wallets and exchanges – which were viewed as rather scary at the time.

Thanks to the success of his fund, it’s easy to see why Dan Morehead, the current CEO of Pantera Capital Management, would be a long-time Bitcoin advocate.

And according to a letter to his investors, Morehead foresees his love for Bitcoin extending well into the future.

Bitcoin to US $750K? Morehead Says Yes

As many have predicted, the introduction of pro-crypto US President Donald Trump has caused shockwaves to ripple throughout the blockchain industry.

Although Trump’s policies are yet to truly hit the crypto sector, the community is already salivating at a world where businesses can work with financial regulators, rather than against them. 

Related: Brazil Poised to Beat United States in Race to Establish Billion-Dollar Bitcoin Reserve

Morehead described it as “…15-year regulatory headwinds [sic] turning into tailwinds.”

Given the opportunity, he believes Bitcoin’s growth could see the coin’s price rocket as high as US $750k (AU $1.1m) over the coming decade.

But Morehead and his team at Pantera aren’t just Bitcoin maxis – they’re excited about the crypto market as a whole.

Pantera’s new fund, Pantera Fund V, will include a diverse range of crypto tokens including private tokens, locked Solana and other unique opportunities the average investor can’t access.