With the results of the U.S. presidential election settled, Trump's return seems to inject new momentum into the Bitcoin market. Pantera Capital founder Dan Morehead predicts that Bitcoin is expected to break the $740,000 mark in the next four years and push the entire cryptocurrency industry to a higher stage.
Bitcoin steadily rising: annual growth rate of 88%
Since its establishment in 2013, with the appreciation of Bitcoin, Pantera's Bitcoin fund has generated an astonishing 131,165% return, far exceeding the performance of traditional investment products.
Dan Morehead believes that the future growth of Bitcoin will continue this trend of 'almost doubling every year.' If it continues on its past growth trajectory, by 2028, Bitcoin's price will exceed $740,000.
Dan Morehead explained that since Pantera started investing in Bitcoin, the annual compound growth rate has been approximately 88%, almost doubling every year. Compared to the scale of the global financial market—$500 trillion in financial assets, this prediction is not too far-fetched.
If Bitcoin reaches the target of $740,000, its market capitalization will reach $15 trillion, enough for Bitcoin to become one of the most important assets in the world.
Trump's victory: bringing new opportunities for blockchain
In addition to Bitcoin's solid growth foundation, Morehead also emphasized the importance of President Trump's return to the cryptocurrency industry.
He believes that Trump is the first U.S. president to explicitly support blockchain, bringing new hope and possibilities for the blockchain technology and cryptocurrency industry. As the regulatory environment gradually clarifies, the entire blockchain industry will welcome more favorable development opportunities.
He stated:
"We believe that a broader industry will benefit from the first U.S. president to support blockchain in office.
We believe that the success of blockchain aligns with the greatest interests of the United States, and we believe everyone in Congress will eventually take a neutral or supportive stance on blockchain. The regulatory headwinds for blockchain over the past 15 years are now beginning to turn into tailwinds."
Bitcoin's market position: surpassing Meta, ranked sixth globally by market capitalization
According to Dan Morehead's data, Bitcoin's current market capitalization is close to $2 trillion, ranking sixth in the world, even surpassing social media giant Meta (formerly Facebook).
This achievement marks Bitcoin not only as a representative of digital currency but also as an important force in global asset management.
Looking back, Pantera began investing from the Bitcoin low point 11 years ago, when Bitcoin's price was only $65. Morehead mentioned in a letter ten years ago that Bitcoin is 'the first global currency since gold' and 'the first cross-border payment system in history.'
The future of Bitcoin is full of potential
With Trump's return and the gradual maturation of blockchain technology, Dan Morehead is full of confidence in Bitcoin's future. Whether in terms of technological innovation, market demand, or improving regulatory environment, Bitcoin has shown strong development potential.
As Bitcoin's market capitalization continues to rise, the future target of $740,000 seems less unattainable.