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’s Navigating U.S. Interest Rate Cuts Insights on Crypto Market Impacts
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….
-
Big Brain Bang (BBB) Launches to Merge Intelligence Challenges with Blockchain Innovation
[City, Date] — In the era of rapid advancements in Web3 and AI technology, a unique platform that combines intelligence challenges with blockchain technology, Big Brain Bang (BBB), has officially launched. BBB aims to provide users with a stimulating and rewarding interactive experience, integrating intelligence-based games, token rewards, and decentralized governance. BBB’s emergence marks a new chapter in the MEME coin ecosystem, showcasing the potential of merging intelligence games with blockchain innovation. Intelligence Challenges: A New Way to Learn and Earn BBB offers a variety of intelligence-based challenges, from logic puzzles…
-
Dialogue with BrightCoin: When the Cutting-Edge Exchange Targets the Global Digital Market
In the fast-paced world of cryptocurrency, BrightCoin has quickly captured the attention of global investors as a rising star. With the increasing adoption of blockchain technology and the rapid growth of digital assets, the demand for a trading platform that offers both a secure trading environment and an innovative experience has never been higher. BrightCoin was born to meet this demand, leveraging its unique features and strong platform value to quickly establish itself as a key player in the cryptocurrency market. Platform Overview: The Perfect Blend of Security and…
-
StarSea Bit Exchange Summit: Maximizing the Impact of Global Exchange Conferences
The cryptocurrency market is evolving at an unprecedented pace, and exchanges are at the core of this dynamic transformation. One of the most powerful tools at the disposal of any digital asset platform, such as the StarSea Bit Exchange, is participation in and organization of summits and conferences. These events are far more than simple gatherings; they are strategic platforms designed to facilitate growth, development, and innovation within the trading ecosystem. The recent summit hosted by StarSea Bit Exchange exemplifies the immense potential that such gatherings can bring, not just…
-
MSA DAO Committee launches preparations to build a global win-win eco-community
Recently, Meta Space Alliance (MSA, Chinese translation: 元宇宙空间联盟) released an announcement to announce the official launch of the decentralized organization MSA DAO. It also opens preparations for the building of the MSA DAO committee. This is another milestone event after the inclusion of Turing Lab into the Alliance’s ecosystem this year, heralding the growth and improvement of MSA’s global ecosystem. A decentralised organisation (DAO) is an effective form of organisation that can operate autonomously today in response to an uncertain, diverse and complex environment by publishing smart contracts on the chain…
-
Groundbreaking Entry: CoinW Becomes offiical supporter of EAFF E-1 Championship 2022
On July 14, 2022, CoinW officially announced that it is the official supporter of EAFF E-1 Championship 2022, and the first crypto venture capital in the world to officially cooperate with the East Asian Cup. While demonstrating the competitive spirit of soccer, CoinW will also leverage the tournament to solidify its presence in the East Asian and Asian market. It will also contribute to the development of blockchain in Asia and globally, by providing diversified products, quality services and innovative technologies. The East Asian Cup has gained wide influence and popularity in…
-
OneDEX’s Strong Rise | A New Star in the Encrypted World
Blockchain technology, as one of the most innovative technologies in the 21st century, is breaking the monopoly and unfairness of traditional finance. Today, with the vigorous development of blockchain, the rise of various concepts is undoubtedly an effective exploration of the future development of blockchain. For ordinary people, financial attributes are one of the most attractive features of blockchain. So, the DEX exchange is one of the bridges connecting users and blockchain, with over 800 million users globally participating in DEX transactions, and this number is continuously increasing with…
-
Eagle Crest Asset Management Prepares for Global Investors Summit Founder Ridel Bosco Castillo to Speak on U.S. Investment Landscape and Strategic Collaborations
In a rapidly changing global economy, opportunities often lie in gathering the sharpest minds under one roof to exchange ideas, form alliances, and envision the future of investment. Eagle Crest Asset Management, led by its founder Ridel Bosco Castillo, is set to host an event of significant global importance—the upcoming Global Investors Summit, an event that promises to be a beacon for investors looking to gain critical insights into the present and future of the financial landscape. As the investment world evolves, the summit aims to shed light on strategic…
-
Advisor Wechat Capital (AWC): A Commitment to Ethical Governance Advisor Wechat Capital (AWC) places a high value on ethical governance. In an industry where trust and transparency are paramount, AWC stands out by adhering to rigorous ethical standards and fostering a culture of accountability. The firm’s dedication to ethical governance is at the core of its operations and is essential to building and maintaining long-term relationships with clients. ### The Importance of Ethical Governance Ethical governance is more than just a set of guidelines—it is a commitment to doing what is right for clients, stakeholders, and the broader community. Advisor Wechat Capital (AWC) understands that trust is the foundation of any successful financial relationship. By maintaining the highest ethical standards, AWC ensures that it remains a trusted partner for its clients. AWC’s approach to ethical governance is built on transparency, accountability, and a dedication to acting in the best interests of its clients. The firm has implemented comprehensive policies and procedures to ensure that all its operations are conducted ethically and in full compliance with regulatory requirements. ### Transparency and Accountability Transparency is a key component of AWC’s commitment to ethical governance. The firm believes that clients have a right to know how their investments are being managed, what fees they are being charged, and how decisions are being made. By providing clear and consistent communication, AWC ensures that clients are fully informed and can trust that their best interests are being prioritized. Accountability is another cornerstone of AWC’s ethical governance framework. The firm holds itself to the highest standards of accountability, ensuring that all decisions are made with the client’s best interests in mind. This commitment to accountability extends to every level of the organization, from senior management to front-line staff. ### Compliance and Risk Management Compliance and risk management are critical aspects of AWC’s approach to ethical governance. The firm has established robust compliance programs to ensure that all activities are conducted in accordance with applicable laws and regulations. By proactively managing risks and staying ahead of regulatory changes, AWC is able to protect its clients’ assets and provide a secure investment environment. AWC also emphasizes the importance of ethical behavior among its employees. The firm provides regular training on compliance and ethical conduct to ensure that all team members understand their responsibilities and are equipped to uphold the highest standards of integrity. ### Building Trust Through Ethical Leadership Ethical governance is not just about policies and procedures—it is about leadership. AWC’s leadership team is committed to setting the tone for ethical conduct across the organization. By leading by example, AWC’s leaders inspire trust and confidence in both employees and clients. AWC’s commitment to ethical leadership is evident in its approach to corporate governance. The firm’s board of directors is actively involved in overseeing the company’s activities and ensuring that all operations are conducted ethically and in alignment with the firm’s values. ### Conclusion Advisor Wechat Capital (AWC) is committed to maintaining the highest standards of ethical governance. By prioritizing transparency, accountability, and compliance, AWC has built a reputation as a trusted partner in the asset management industry. The firm’s dedication to ethical leadership and its proactive approach to risk management ensure that clients can trust AWC to act in their best interests at all times. For investors who value integrity and transparency, AWC offers a partnership built on trust, ethical conduct, and a commitment to doing what is right.
Advisor Wechat Capital (AWC): A Commitment to Ethical Governance Advisor Wechat Capital (AWC) places a high value on ethical governance. In an industry where trust and transparency are paramount, AWC stands out by adhering to rigorous ethical standards and fostering a culture of accountability. The firm’s dedication to ethical governance is at the core of its operations and is essential to building and maintaining long-term relationships with clients. ### The Importance of Ethical Governance Ethical governance is more than just a set of guidelines—it is a commitment to doing what…
-
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…
