BTC price will rise to $ 115,000 within 1 year

Dan Morehead, head of one of the largest cryptocurrency investment funds Pantera Capital, spoke about whatthe main positions are in the portfolio of this organization.

He immediately emphasized that in his opinion, even withGiven the current rise in the price of Bitcoin to a level of about 12 thousand dollars, the oldest cryptocurrency looks undervalued. This became another incentive to invest in altcoins.

At the same time, the analyst is confident that Bitcoin will show significant growth in the future:

“The experience of the previous two halvings showed thatthe market received very clear positive impulses. Usually, already a year and one quarter before the halving, the market began to show a tendency to growth, and within 440 days after another halving of the reward for each block, this positive potential was realized in a significant increase in the price of bitcoin.

This time, according to Morehead, Bitcoin (BTC) price dynamics did not fully reflect the halving factor, and that this will be implemented in the cryptocurrency market conditions later.

According to the forecast, which was developed by Pantera Capital itself, the price of bitcoin will reach 115 thousand dollars by August 2021. Moreover, such an assessment is based on the same methodology as in the S2F model.

Among those assets that are in the portfolioPantera Capital besides bitcoins - Ethereum, Augur, Polkadot, Filecoin and Ox. Morehead noted that he is personally responsible for defining the organization's portfolio structure.

The choice of Ethereum and Augur is due to the fact that theseassets are used in the work of the ecosystem of decentralized finance (DeFi). Moreover, Augur, a predictive blockchain platform, "came" to this segment of the cryptosphere recently, having carried out another update of its protocol.

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