Pantera Capital founder Dan Morehead has predicted the price of Bitcoin in the next four or five years, sharing why it would attain the milestone.
The hedge fund manager shared his thoughts on the price targets for Bitcoin on Monday’s CNBC Squawk Box interview. He predicted that Bitcoin would continue to see higher prices, as it has done historically, targeting $750,000 in the next four to five years.
Bitcoin Poised for 548% Growth in 5 Years.
At the current Bitcoin price of $115,725, Morehead’s projected target of $750,000 would imply a 548% rally for Bitcoin. According to him, this feat is not new for Bitcoin, as it has been increasing two-fold every year over the past 12 years.
Notably, he expects this trend to continue for “a few more years” from now; hence, his anticipation that Bitcoin will land at $750,000 within the next four to five years.
Why the continued expansion? Morehead noted that it is because Bitcoin has more room for expansion. Considering its growing mainstream attention, Bitcoin’s share of global wealth remains significantly low.
For context, the global financial wealth reached an all-time high of $305 trillion in 2024. With Bitcoin’s current market cap of $2.3 trillion, it accounts for just 0.75% of the total financial value held globally.
Morehead expects Bitcoin to capture more, predicting a rally to $750,000. Remarkably, this still pales in comparison with Strategy executive chairman Michael Saylor’s Bitcoin outlook. He predicted that BTC would capture 7% of the global wealth over the next 20 years to hit $13 million.
Much Higher Bitcoin Price?
Despite the bullish outlook, several other projections suggest much higher prices for Bitcoin in the same timeframe. Ark Invest’s Cathie Wood predicted that Bitcoin would rally to $1.5 million by 2030, which is double Morehead’s outlook.
Meanwhile, Coinbase CEO Brian Armstrong predicted that Bitcoin would reach at least $1 million by 2030, a projection that Robert Kiyosaki, author of Rich Dad Poor Dad, has also endorsed. Armstrong tapped institutional adoption and regulatory tailwinds to fuel this rally.
Solana Could Outperform Bitcoin and Ethereum
Notably, Morehead’s projection comes as Pantera Capital led the PIPE funding for Nasdaq-listed Helius Medical Technologies to create a Solana treasury reserve. They raised $500 million, which would be deployed to accumulate Solana.
Morehead noted that Solana is Pantera Capital’s largest holding, tapping the asset to continue to grow. He highlighted that SOL has outperformed Bitcoin over the last four years and expects the trend to continue.
The Pantera managing partner also noted that Solana would outperform Ethereum.
“I think Solana is one-twentieth of the market cap of Bitcoin. So, I think it can outperform over time, and it is our current opinion that it outperforms Ethereum,” Morehead stated.
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