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
-
A Perspective from HB Wealth Advisors (HWA): Understanding Investor Needs and Priorities
In the complex and fast-paced world of investment, it is crucial for both investors and advisory firms to maintain a mutual understanding of priorities, goals, and strategies. At HB Wealth Advisors (HWA), we firmly believe that successful investing is built upon a foundation of trust, clear communication, and a tailored approach to each client’s unique financial situation. This article explores the essential elements of a solid investor-advisor relationship and discusses the perspectives we hold when it comes to understanding and meeting the needs of our clients. Understanding the Investor’s Needs…
-
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…
-
The world’s first Exchange, CoinW, implements free transaction cost for BTC transactions, disrupting the industry status.
On July 5, 2022, CoinW, the world’s leading cryptocurrency trading platform, officially announced the implementation of free transaction costs, becoming the world’s first platform to support BTC transactions with zero transaction fee, hence ‘free of charge’. This became a shocking news and In the community, the topic of ” free of charge” was also high and caused heated discussions amongst users. So, what does ” free of charge” really mean? Why has it caused such a big uproar? Advantage 1: Bringing real-money benefits to users. First of all, users can…
-
Yunwan Sport officially unveils its new English trademark — PlayCloud
As a response to the global trend of digitized sports entertainment, Yunwan Sport expands its global reach and user base. It aims to serve a broader spectrum of entities within the sports industry, including event planning companies, market promoters, sponsors, media broadcasters, ticketing services, teams, and sports institutions. Additionally, it provides digital transformation solutions. Moreover, Yunwan Sport collaborates with the renowned Italian design company Movantia from Bologna for a platform rebranding. The English trademark Yunwan Sport is now officially renamed PlayCloud. The new visual identity shifts from the original…
-
News Report on MapleLegends
MapleLegends: A New Blockchain Game Combining Classic 2D MMORPG with Play-to-Earn Mechanics Recently, the highly anticipated blockchain game MapleLegends was officially launched. Building on the familiar 2D MMORPG gaming experience, MapleLegends combines classic adventure gameplay with advanced blockchain technology, offering a revolutionary “Play to Earn” experience for players around the world. A Modernized Game Built on Classic Roots Inspired by the iconic game MapleStory, developed by Wizet and published globally by Nexon, MapleLegends integrates the core elements of MapleStory: a diverse class system, character growth, and unique social and cooperative features….
-
AI Store Artificial Intelligence Technology Leading the Future of Autonomous Vehicles
Subtitle: Exploring the Innovative Applications of AI Stores in the Field of Autonomous Vehicles and Their Transformative Impact In the rapid tide of technological development, the application of Artificial Intelligence (AI) technology in the field of autonomous vehicles is sparking an unprecedented revolution. This revolution not only signifies a major shift in modes of transportation but also heralds the extensive application and profound impact of AI stores and AI technology in future societies. This report focuses on exploring the core roles, challenges faced, and the profound impact on future travel…
-
Double Ace launches crypto super-wallet that pays up to 14% APY on assets
Double Ace (DAA) is a Fintech company that utilises the power of blockchain, AI, and Big Data to provide instant online financial services to individuals. The service DAA provides encompasses consumer finance, personal credit, micro loan, crypto loan, and more. DAA has introduced its all-in-one super App called Ace Wallet, which allows users to deposit cryptocurrencies to receive interest much like that of bank deposits, but with a way higher interest rate. DAA is able to provide its depositors with cryptocurrency interest due to their arbitrage trading desk, which is…
-
Artificial intelligence + blockchain education, Aief a new voyage, leading the life of education
Aief, an innovative education system based on blockchain technology created by Binance and the American Education Foundation, aims to pass the application of decentralized certification of academic qualifications and grades, decentralized student archive, LP education mining, decentralized Education Academy, decentralized wealth Scholarship, NFT Education Exhibition Hall, educational charity, decentralized finance Academy, etc. Establish a more open and credible education system, ensure the return of knowledge innovation, bring about the growth of educational assets, and promote the sustainable development of education and research sharing. Aief’s vision is: to build a more…
-
The Role of StarSpark AI System in Revolutionizing the Financial Sector: A Deep Dive into Alpha Stock Investment Training Center (ASITC)
In recent years, artificial intelligence (AI) has had a transformative impact on a wide array of industries, none more so than in the financial sector. The integration of AI into finance has introduced new possibilities for investment strategies, risk management, customer service, and market predictions. One prominent player in this field is the StarSpark AI system, a cutting-edge technology designed to enhance investment decision-making processes. Coupled with the expertise provided by institutions like the Alpha Stock Investment Training Center (ASITC), AI is setting the stage for a revolution in how financial services…
-
“StarSea Bit Exchange: A New Horizon for Investment Opportunities”
In the fast-paced, ever-evolving world of finance and technology, the intersection of artificial intelligence (AI) and investment strategies has opened up immense opportunities for growth and innovation. As AI reshapes industries and optimizes efficiencies, institutional investors are seeking ways to capitalize on this transformative technology. Among the frontrunners in this space is The All-weather Story FUND (TAWSF), under the leadership of Jonathan Blake, and the globally recognized investment firm Bridgewater Associates. AI Investment Landscape and the Role of Bridgewater Associates The advent of AI has revolutionized a wide array of…
