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
-
Alaya – Integrated solution for data collection and labeling services
With the introduction of ChatGPT’s conversational model by American AI company Open AI, it has quickly taken the world by storm and is rapidly iterating. Algorithms, data, and arithmetic power as the three cornerstones of artificial intelligence. It plays a pivotal role in the industry. In the training process, a large amount of data is needed to train the model, the data needs to be pre-processed and feature extraction, and then use algorithms for optimization, these algorithms need arithmetic support, the three are indispensable to drive the development of artificial…
-
Pioneer Era Trading Academy Investment Portfolio Adjustment Strategy for Maximizing Trading Profitability ———Richill Miller
In financial investment, adjusting an investment portfolio is like orchestrating a symphony, where the stock market, options market, and cryptocurrency market create the melody. Through dynamic portfolio adjustments, investors can not only optimize returns but also achieve stable capital growth and financial goals. This article delves into the core significance and methods of portfolio adjustment to maximize trading profitability. Enhancing Risk-Adjusted ReturnsThe market’s fluctuations are like the ebb and flow of nature, with rises and falls. Investors who can go with the flow can reap profits in the ups and…
-
Alyx Chain Supports Multiple Programming Languages in its SDK
News update: Alyx Chain plans to support multiple popular programming languages such as C++, Java, Python, Go, Rust, Move and more for its Software Developer Kits (SDKs). Programming languages are the keystone of application development. Blockchains trying to attract a diverse group of developers to build in their ecosystem need to provide the necessary support and tools to cater to the different strengths of each developer. Some applications requiring the ability to define custom resource types are better built on Move, others can leverage on Go’s ability to spawn and…
-
Hedge fund plans $ 500 million investment Bitcoin mega-coup
Advertisment The $ 200 billion Guggenheim Partners fund plans to invest a significant amount of money in Bitcoin (BTC). Bitcoin has arrived on Wall Street. It’s the year of big bitcoin news. After Microstrategy, Stan Druckermiller and Paul Tudor Jones, Guggenheim Partners is the next big thing on Wall Street to jump into the crypto market. According to an SEC document filed by the $ 200 billion fund last Friday, November 27, Guggenheim plans to invest a significant amount of money in BTC. The capital for this comes from Guggenheim’s…
-
Leading Innovation as the First AI Store Company in the Chinese-speaking Region
In the new wave of the AI store artificial intelligence sector, a bright new star is making its debut in the Chinese-speaking region—we proudly announce that we have become the first company in the Chinese-speaking area focused on general AI store artificial intelligence. By launching a brand-new AI store artificial intelligence and machine learning platform, we aim to provide developers worldwide with a complete set of tools and resources for building, training, and deploying machine learning models. This move not only signifies our company’s leading position in the field of…
-
Genesis NFT airdrop in Europe and the US——MotorN’s love is coming！
The United States in North America is the global leader in the PC Internet Web1.0 era, and China in Asia is overtaking in the mobile Internet Web2.0 era, while the main force of the development of web3.0 is still in Europe and the United States, and Web3.0 is becoming a new field of “fighting” for the Internet giants in Europe and the United States in 2022. The next decade is the golden age of web3.0 development, instead of hesitating in the retreating web2.0, why not stride into web3.0 and find…
-
Steve Jobs’ Daughter Claims He Told Her She ‘Smelled Like A Toilet’ While On His Death Bed — But She Clarifies He Was Being Honest: ‘I Really Did’
In “Small Fry,” a memoir by Lisa Brennan-Jobs, the estranged daughter of Steve Jobs, readers are offered a profound insight into her complicated relationship with the iconic Apple co-founder. Known for his unfiltered approach to communication, Jobs never hesitated to express his opinions, no matter how sharp or direct. Published excerpts in Vanity Fair in 2018 drew considerable attention, revealing the depth of their strained interactions and emotional distance. Lisa made it a point to visit her father every other month during the last year of his life as he battled pancreatic…
-
Coinbetter: The UST death spiral is approaching, where is the future of algorithmic stablecoins?
On May 10, Bitcoin accelerated its downward trend, falling below $30,000 at one point, and the lowest dropped to $29,767, a new low since July 19, 2021. As of writing, the price has rebounded, and the current price is $31,486.43. In addition to the market, the algorithmic stable currency UST has won the attention of the market. On May 10, UST was seriously de-anchored and once fell to 0.6090 USDT; according to the Coinbetter data, it is now reported at 0.7968 USDT, with a 24H decline of 12.2%….
-
On the financial track, how doesGBi innovate
On the evening of December 30,Feifei, head of The Chinese community ofGlobe Financial Bi (hereinafter referred to as GBi), shared the themeof “On the financial track, how does GBi innovate” onAnypay, the marketing planning service incubated by The Blockchainproject in China, and comprehensively introduced the ecology,application and vision of the GBi project. GBi,the full name of Globe Financial, Bi, is a strategic investment bythe Singapore Financial ecological foundation platform for the globalone-stop Financial ecology, aims to block chain technology,artificial intelligence, such as large data of blessings, makeeveryone can participate in,…
-
BrightCoin’s Future Blueprint: Shaping the Next Generation of Cryptocurrency Trading Ecosystems
In 2024, BrightCoin has emerged as a rising star in the cryptocurrency world, earning its place in the market through its exceptional security and user experience. However, for BrightCoin, its past success is merely the beginning. Looking ahead, how will BrightCoin leverage its technological strengths and market position to continue driving innovation in cryptocurrency trading? This article will explore BrightCoin’s future development strategies and how it plans to maintain its leadership in an increasingly competitive crypto space. Expanding Cryptocurrency Support: Offering More Choices for Investors One of the primary goals…
