History says: Bitcoin to $740,000

Pantera Capital has run the numbers using historical data and says Bitcoin could soar past $700,000 before President-elect Donald Trump leaves office.

Author

Stacy Elliott
November 27, 2024

📝 What you need to know

Everyone has eyes for Bitcoin going to six figures, but Pantera Capital Management is looking at ones other than $100,000.

The firm’s CEO says BTC will make it past $700,000 before April 2028 based on historical trends and the reelection of the very pro-crypto Donald Trump.

“Even after 11 years, Bitcoin is still squeezing up like a watermelon seed,” Pantera CEO Dan Morehead wrote. “Blockchain’s 15-year regulatory headwinds are now turning into tailwinds.”

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