In a recent interview on CNBC, Dan Morehead, the CEO of Pantera Capital, a cryptocurrency investment firm based in the United States, forecasted that Bitcoin’s value could potentially reach an astonishing $750,000 within the next four years.
While Morehead is uncertain about when Bitcoin will achieve its frequently discussed $1 million milestone, he firmly believes that it will occur during his lifetime.
Morehead reminisced about how Pantera Capital was the world’s first Bitcoin fund. “At that time, it was the simplest way to gain access. Nowadays, obtaining an ETF is quite straightforward,” he remarked.
Interestingly enough, Pantera Capital initially set a price target of $5,000 for Bitcoin back in 2013 when this leading cryptocurrency was valued at merely $104.
The firm had predicted last year that Bitcoin might reach as high as $740,000 by 2028; however, they also warned that this projection could be overly optimistic.
Ethereum vs. Solana
Morehead pointed out that Solana has emerged as one of the top-performing major cryptocurrencies and currently represents their largest investment in this rapidly rising altcoin.
“Over the past four years, its performance has even surpassed that of Bitcoin,” he stated.
He highlighted Solana’s impressive capability to handle approximately 9 billion transactions daily—surpassing all capital markets combined.
Despite these advancements in specific cryptocurrencies like Solana and Ethereum , Morehead emphasized there isn’t a “winner-takes-all” scenario within crypto. He noted many successes during the internet boom era as evidence of multiple winners coexisting.
This leads him to believe only a select few layer-1 blockchains—including Ethereum and Solana—will endure over time in this evolving landscape.