543: BITCOIN IS LIKELY TO REACH $115K BY AUGUST AND $74K BY MAY 15TH SAYS CRYPTO TITAN PANTERA CAPITAL!!
Manage episode 290142134 series 2835096
“This is getting ridiculous. A year ago we predicted Bitcoin hitting $62,968 this week. It just did. This BTC rally is EXACTLY like previous halvings. Likely to reach $115k by August.” - Pantera Capital CEO Dan Morehead
Pantera’s estimates are based on the stock-to-flow ratio which takes into account the total number of Bitcoin in circulation relative to what is being mined. In addition to projecting that Bitcoin will reach $115,212 by August, Pantera predicts that BTC will hit $74,474 by May 15th, $88,576 by June 15th and $104,761 by July 15th.
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