Bitcoin will cost $ 115 thousand. Pantera Capital told - when

The founder of the crypto investment company, Dan Morehead, explained when the cost of the first cryptocurrency waswill grow by another 220% from current levels.

Bitcoin price may exceed $ 115kby August of this year, are confident in the crypto investment company Pantera Capital. Its founder, Dan Morehead, emphasized that he would not bet "all my savings on this happening," but called such a scenario possible. Now the required asset growth rate is being maintained for this, said Morehead.

In April last year, the company made a forecastthe dynamics of the value of bitcoin until August 2021. Until now, this forecast has come true. He assumed that on January 15 the value of the asset would be $ 38 thousand, in fact, on that day it rose to $ 39.7 thousand. On January 18, the cryptocurrency rate on Binance is $ 36.5 thousand.

Pantera Capital believes that the current market growthdiffers from the events of 2017, since then more investments were in highly speculative tokens, and now in proven Bitcoin and Ether. At the beginning of 2021, they accounted for 86% of the market, four years ago it was about 50%.

The company named four factors that willhave a positive impact on the market in 2021: new measures to support the US economy, low interest rates, increased participation of institutional investors in the crypto market and the development of the decentralized finance (DeFi) sphere.

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