Summary
- Pantera Capital CEO Dan Morehead said Bitcoin will reach $1,000,000 in the long term.
- Morehead said he rates Solana (SOL) positively, noting it can handle up to 9 billion transactions per day.
- He forecasted that in the long term only a few layer-1s, such as Ethereum (ETH) and Solana, will survive.
Dan Morehead, CEO of U.S. digital asset (cryptocurrency) investment firm Pantera Capital, expressed a positive view on Bitcoin (BTC)'s long-term outlook.
On the 16th (Korean time), according to U.Today, Morehead said in an interview, "I think Bitcoin could rise to up to $750,000 within the next four years," and "I cannot specify when $1,000,000 will occur, but it will definitely be achieved while I am alive."
Morehead explained the basis for his positive outlook, noting that when Pantera set a $5,000 price target and formed the world's first Bitcoin fund, Bitcoin's price was only $104 at the time.
Among altcoins, he evaluated Solana (SOL) most positively.
Morehead said, "Solana is a network capable of up to 9 billion transactions per day," and "This is a figure larger than the entire capital markets." He added, "Over the past four years Solana has outperformed Bitcoin," and forecasted, "In the long term, only a small number of layer-1s, including Ethereum (ETH) and Solana, will survive."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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