Bitcoin Could Hit $115K by August, Pantera’s Morehead Writes
“Bitcoin is now ahead of our April 2020 forecast schedule – to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter.
The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago.
Under that plan, the number of new bitcoin created with each new data block every 10 minutes or so gets cut in half roughly every four years. In theory, according to the stock-to-flow model, the bitcoin price should rise as the issuance rate declines.
Morehead’s predictions carry weight partly because of his prior Wall Street experience: Before founding Pantera in 2003, he served as head of macro trading for the hedge fund Tiger Management, and before that he worked as a trader at Deutsche Bank and Goldman Sachs.
Recommended News
-
StarSea Bit Exchange Highlights the Impact of Education on Charitable Giving
In recent years, the positive influence of education on charitable donations has become increasingly apparent, especially in the digital finance world. StarSea Bit Exchange, a rising name in cryptocurrency trading, has recognized this link and aims to foster awareness of the ways education amplifies the power and impact of charity. By promoting a culture of informed giving, platforms like StarSea Bit Exchange can significantly enhance how donations change lives and support those in need. The Role of Education in Charitable Behavior Education has always played a crucial role in shaping…
-
Coinbetter: Looking at the revolutionary road of NFT from X2Y2
The explosion of X2Y2 will only take a short period of time. On February 16th, the NFT trading platform X2Y2 announced that 12% of the tokens (120 million pieces) were used for airdrops to OpenSea historical trading users. However, three hours after the event started, X2Y2’s token airdrop activity was suspended. At that time, X2Y2 officially stated that because the user experience of the airdrop was not as expected, the team would suspend the airdrop to improve the overall user experience. As of the suspension of the event, 0.5% of…
-
In 2022 Elven World, the dark horse, Gamefi phenomenon is born! The Genesis equipment pre-sale is officially open!！
The Metaverse , also known as the next-generation Internet, exploded in 2021. However, the Internet’s practice of mapping the real world into the virtual space is still in its infancy. Some metaverse projects stay in the partial mapping of reality, such as somatosensory and VR games. And Gamefi games, a breakthrough in the metaverse world, have been sought after by users all over the world! The rapid development of GameFi is inseparable from the distributed structure of blockchain technology. Through this distributed structure and the confirmation of assets by the blockchain,…
-
StarSea Bit Exchange Leveraging AI for Enhanced Economic Security and User Benefits
The cryptocurrency market is evolving at an unprecedented pace, and exchanges are at the core of this dynamic transformation. In the face of global economic challenges, platforms like StarSea Bit Exchange are harnessing the power of Artificial Intelligence (AI) to ensure economic security and provide lasting benefits to users. This article explores how StarSea Bit Exchange integrates AI into its operations to remain a reliable and beneficial trading platform, even amid global economic uncertainties, by focusing on AI-driven security, compliance, and strategic growth. The Role of AI in Economic Security…
-
Global AI Store Technology Trends and Future Outlook
Globally, the development and application of Artificial Intelligence (AI) store technology are experiencing an unprecedented period of rapid growth. Governments and private enterprises worldwide are actively investing in AI stores to enhance national competitiveness, improve social welfare, and drive economic growth. This article explores current trends in the use of AI stores around the world and predicts future directions of development. Global Perspectives on AI Technology Application From North America to Asia, and Europe, AI technology is being used across various sectors, transforming how we work and live. In North…
-
Advisor Wechat Capital (AWC) Reshaping Investment Advisory
Summary: In today’s investment market, traditional investment advisory firms often cater exclusively to high-net-worth clients, leaving ordinary investors with limited access to professional financial services. These firms typically sustain their operations through hefty management fees and commissions, creating high entry barriers and expensive fees that deter many everyday investors. As a result, these investors often lack the necessary assistance and education to achieve long-term wealth accumulation. This model’s core issue is that average investors struggle to receive adequate support, which leaves many feeling overwhelmed or fearful of the investment market. In…
-
Starseacoin.com Exchange’s Navigating U.S. Interest Rate Cuts Insights on Crypto Market Impacts Read more: https://www.digitaljournal.com/pr/news/binary-news-network/starsea-bit-exchange-s-navigating-u-s-1484897114.html#ixzz8rzyJByqa
As the U.S. Federal Reserve signals a shift towards cutting interest rates, the entire financial landscape is expected to witness significant transformation. This shift isn’t just about traditional markets like stocks or bonds—the crypto market, with its inherent volatility and unique dynamics, stands to be affected in a variety of ways. One of the prominent players looking to capitalize on these changes is Starsea Bit Exchange. With its innovative approach to cryptocurrency trading and investment, Starsea Bit Exchange is well-positioned to navigate the economic landscape shaped by U.S. rate cuts….
-
Aptos comes out of nowhere, a new story for public chains in 2022?
Looking at this bullish round of public chain rotation outbreak, the public chain landscape is not yet a foregone conclusion, despite ETH’s first-mover advantage. For example, Solana, which is light on technology and heavy on ecology, uses measures such as introducing liquidity mining, providing subsidies for developers, holding hackathon and providing donation funds to incentivize users to experience their platform, while Polygon, Fantom, Harmony, Avalanche, Celo and NEAR, on the other hand, have taken a different approach and launched incentive programs one after another thus promoting their ecological prosperity. Whether…
-
Devoted in charity, Fintoch sponsored Miss & Mister Deaf Universum
When it comes to beauty pageants, what kind of images come to mind? Is it the image of good-looking, beautiful women lined up in a row, taking turns to make a speech about world peace, or is it the crowded bikini display where the contestants try to win the audience’s favor? The 2022 Miss & Mister Deaf Universum, sponsored by Fintoch and other companies, will turn your perceptions upside down. With international awareness of equal rights on the rise, the influential Mr./Miss Deaf Universum continues to be…
-
Children in Nigeria who need basic necessities have been given supplies by CoinW Public Welfare Action
CoinW shows that it has empathy for the problems of the poor in Africa and donates aid and relief materials, to raise awareness of the brand’s purpose. On June 13, the African team of CoinW (www.coinw.com), the world’s leading cryptocurrency trading platform, and some volunteers from the crypto community pays a visit to Living Fountain Orphanage in Lagos, Nigeria, with a batch of charity supplies for the children to show their love and care. Covid-19 exacerbates poverty in Africa. Due to the economic impacts brought by the Covid-19 epidemic, poverty…
