NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Pantera Fund CEO Calls Bitcoin “A Screaming Buy,” Highly Optimistic

newsbtc
newsbtc
7 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cryptocurrency hedge fund Pantera CEO called Bitcoin a “screaming buy” and made a ten year $40 trillion dollar prediction.

Hedge Fund CEO Looks for Big Gains in the Remainder of the Year.

CEO of Pantera capital management LP. cryptocurrency hedge fund Dan Morehead went on Bloomberg Television again to talk about the future of Bitcoin and the state of the cryptocurrency space in general. Morehead who is always bullish on cryptocurrency forecast some big returns for 2018 including Bitcoin regaining its maximum value from 2017 in the next twelve months.

Morehead had recently made only his fourth buy prediction in his seven years of trading in cryptocurrency when Pantera issued a notice to its investors to buy when Bitcoin dipped to what he called its ultimate low at 6,500. It’s gained and held over $2,000 since then but still, Morehead told Bloomberg it is a “screaming buy” today.

The interview moved on to how the appearance of cryptocurrency is changing. Morehead said that Bitcoin had shed its “skanky” reputation and this was attracting more institutional interest which would drive prices up across the entire space. He continued saying,

 “Obviously, we’re very bullish on the space. We think we’re way below, maybe an order of magnitude — or two — below the real fundamental fair value of blockchain, the industry as a whole is $400 billion. It easily could go to $4 trillion, and $40 trillion is definitely possible.”

Morehead’s acumen at reading the volatile crypto market was proved out when he said at the height of the mid-December trading frenzy that Bitcoin could lose half of its value at the beginning of the new year. After which, Bitcoin, and almost all other cryptocurrencies slipped into a bear market that we are just coming out of now.

Pantera Capital handles an estimated one billion dollars in assets of which 10 percent is in Bitcoin. When asked about Pantera’s investment breakdown Morehead revealed that presently their biggest position is in the Korean Blockchain Icon.

Mt. Gox may be Dumping more Bitcoin on the Market

In the short term though Bitcoin may be headed for another price dip as information regarding a 16,000 coin block of Bitcoin and an equal amount of Bitcoin cash from the Mt. Gox reserve has been transferred out of cold wallet storage. Large transactions made by the trustees of the Mt. Gox estate since December of 201 have been blamed for causing the price of Bitcoin to crash. The last time Mt Gox transferred a large amount of Bitcoin from its cold wallets was on February 5, the next day Bitcoin fell to its all-time low for the year at $6,000

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 2

  1. George Layfield says:
    7 years ago

    Buy before it goes back to above $10,000 again

    Reply
  2. Scott Cap says:
    7 years ago

    My personal opinion is that it is better to invest in the right Alt-Coins than BTC. The percentage of profit is often greater in a shorter period of time.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. George Layfield says:
    7 years ago

    Buy before it goes back to above $10,000 again

    Reply
  2. Scott Cap says:
    7 years ago

    My personal opinion is that it is better to invest in the right Alt-Coins than BTC. The percentage of profit is often greater in a shorter period of time.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Ignites Intraday Optimism With A Step Past $119,000 Threshold

Shaco AI, in a fresh update, highlighted that Bitcoin is showing off its moves, dancing upwards past both the 25-hour...

Godspower Owie 15 hours ago
Crypto expert: Bitcoin koers gaat snel exploderen naar $250.000

Bitcoin Price Breaks 8-Year Resistance Line That Failed In 2017-2021

With the Bitcoin price rising to new all-time highs every other day, more crypto analysts have come forth with their...

Scott Matherson 18 hours ago
Bitcoin price news

The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO

Bitcoin punched through a fresh record above $122,000 on the morning of 14 July, extending its month-long rally to more...

Jake Simmons 21 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Price Breaks $100K

Bitcoin Price Retreats After Hitting ATH — Bulls Pause for Breath

Aayush Jindal 1 hour ago
Bitcoin

Delay In Bull Market Could Push Bitcoin Higher Than Expected

Sandra White 6 hours ago
Bitcoin

Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here

Scott Matherson 13 hours ago

Premium Sponsors

Press Releases

  • How XRP Users Can Make $1 Million from $100 in No Time at...

    2 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 достъпни криптовалути с...

    7 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 megfizethető kriptó 9000%-os potenciállal, olyan...

    8 hours ago
  • 2 cenovo dostupné kryptomeny s potenciálom 9 000 %, podobne ako kúpa Etherea za 8 dolárov začiatkom roku 2017

    2 cenovo dostupné kryptomeny s potenciálom 9 000 %...

    9 hours ago
  • Bitcoin Hyper

    ...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.