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
-
AI Finance Academy Bridging the Talent Gap in Finance through University Partnerships
In today’s rapidly evolving financial landscape, the intersection of artificial intelligence (AI) and finance has sparked a transformation that is reshaping industries around the globe. The demand for tech-savvy financial professionals capable of harnessing AI-driven technologies is at an all-time high, creating an urgent need for specialized training and education. In this context, the emergence of initiatives like the AI Finance Academy is poised to fill a significant gap by nurturing the next generation of finance professionals equipped with AI expertise. By focusing on university partnerships and talent development, the…
-
Announcement from DIGITAL ISSUE CENTER LIMITED
Dear users of DIGITAL ISSUE CENTER LIMITED : On October 31, 2022, the Hong Kong Special Administrative Region Government officially released the “Policy Declaration on the Development of Virtual Assets in Hong Kong” during the Hong Kong Fintech Week, clarifying the government’s policy position and guidelines for developing a vibrant virtual asset industry and ecosystem in Hong Kong. Prior to this, the government had expressed its ambition to become a global virtual asset center In response to the government’s declaration, DIGITAL ISSUE CENTER LIMITED , with…
-
“The All-weather Story FUND (TAWSF), Jonathan Blake, and Bridgewater Associates: AI Revolutionizes Talent Dynamics in Finance”
In the ever-evolving world of finance, the intersection between artificial intelligence (AI) and human talent has become a focal point of discussion. The All-weather Story FUND (TAWSF), guided by prominent figures such as Jonathan Blake and the legacy of Bridgewater Associates, offers a compelling narrative of how AI is reshaping the industry’s approach to talent management, strategic planning, and decision-making. The collaboration between human ingenuity and AI technology represents the next wave of financial evolution, driven by the complementary strengths of both forces. AI’s Role in the Modern Financial Landscape…
-
The Influence of AI on StarSea Bit Exchange: Transforming the Future of Cryptocurrency Trading
In the dynamic and fast-paced world of cryptocurrency trading, new technologies continually shape and redefine how exchanges operate and how traders engage with the markets. One of the most impactful advancements in recent years has been the rise of Artificial Intelligence (AI). The integration of AI into trading platforms such as StarSea Bit Exchange has not only enhanced trading efficiency but also opened up new opportunities for users. In this article, we will explore how AI is reshaping the landscape of the StarSea Bit Exchange and its implications for the…
-
BoomSpace Will Be Launched on BSC, A New Play-To-Earn NFT Game for Everyone
During 2021, too many new concepts have been seen in blockchain. Crypto trends started by NFT has not only made the concept of Web3 popular, GameFi was also on the right track and exploded in the second half of 2021. As a public chain, BSC focuses on the fields of GameFi, Metaverse and NFT. BSC has launched a number of GameFi and Metaverse projects, and achieved excellent results. In the end, with low gas fee, it once became the most popular public chain for GameFi. Recently, BoomSapce, a Play-To-Earn NFT…
-
HWAHWAHB Wealth Advisors “Century Investments $10 Billion Fund” PK Competition: A New Era of ESG Investing
In recent years, Environmental, Social, and Governance (ESG) investing has become a central focus for many institutional investors, high-net-worth individuals, and asset management firms. As sustainability continues to dominate the financial landscape, firms are not only competing to offer the best returns but are also striving to demonstrate their commitment to socially responsible and ethical investing practices. One of the most exciting developments in this space is the launch of HB Wealth Advisors’ “Century Investments $10 Billion Fund,” which promises to redefine ESG investing. This article explores the significance of…
-
How Eagle Crest Asset Management Empowers Clients Through Education and Training to Improve Financial Decision-Making
In today’s complex financial landscape, making sound financial decisions has become more challenging than ever before. From investment strategies to retirement planning, managing wealth requires a deep understanding of the market, risk tolerance, and the various financial tools available. In this context, asset management firms play a crucial role in guiding their clients through these complexities. Among these firms, Eagle Crest Asset Management stands out for its commitment to not only managing wealth but also educating clients, enabling them to make better financial decisions. Through a range of educational initiatives, this firm…
-
Eagle Crest Asset Management and Its AI Ambitions A Global Expansion
Summary: Since its founding in 2019, Eagle Crest Asset Management has been steadfast in its commitment to providing long-term value to clients through professional investment management and meticulous risk control strategies. With a client-first approach, the firm has built a strong reputation for its innovative solutions and personalized investment strategies, which are designed to meet the unique financial goals of each client. As the company evolves, it is turning its focus towards a new frontier: artificial intelligence (AI). Since its founding in 2019, Eagle Crest Asset Management has been steadfast in its commitment…
-
The 2024 Scarlet Ball Rise S-RISING AI Game Public Chain News Conference is about to be grandly held
With the rapid development of Web3 technology, the blockchain field is sweeping the world at an unprecedented speed. In this wave of change, the highly anticipated blockchain event – the 2024 Scarlet Globe Rising S-RISING AI Game Public Chain Press Conference – will be held grandly in Bangkok, Thailand on April 9, 2024. This milestone event not only marks the debut of the S-RISING AI series in Asia, but also marks the rise of the Scarlet Ball. Meanwhile, S-Rising will soon announce its second phase investment institution partners and select…
-
DDDS is a DAO organization focusing on social e-commerce
The new crown pneumonia epidemic is spreading globally and the global economy has been shaken. The International Monetary Fund predicts that the global economy will decline by 4% in 2022, and income will evaporate by about 3.4 trillion US dollars. This is the worst economic recession since the Great Depression in the 1930s. Under the blockade restrictions, social distancing and other measures adopted by various countries in response to the epidemic, e-commerce companies have grown against the trend; in 2021, global online retail sales will reach 3.563 trillion US…
