Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Outrageous Bitcoin predictions have been part and parcel of the market for many years now, and the reason they persist is that the cryptocurrency often matches what is being forecast. A recent prediction, by Dan Morehead of Pantera Capital, sees Bitcoin reaching $42,000 in the next five months.
Morehead said on a podcast with Laura Shin that, based on past trends of Bitcoin’s price movements on a logarithmic scale, there is a potential price move to $356,000 within three years.
By this equation, the end of 2019 should see Bitcoin reaching a massive figure of $42,000.
Morehead, unlike someone like John McAfee who’s thumb-sucked a $1 million prediction, has based his prediction on a few more facts and figures, as well as historical data and methodologies.
Morehead looked to the Gartner Hype Cycle, which is a method of interpreting the wide-ranging levels of hype that can occur around new technologies.
“A small kernel of something very important gets people to be crazed about Bitcoin and then the trough of disillusionment occurs. And we’ve already gone through two of those cycles in the six years that we’ve been investing in it,” said Morehead.
Indeed, Bitcoin as a technology and a market, has seen incredible hype and excitement in just a few short years. So much so that it has been called a bubble.
However, the technology is still nascent and emerging, and for Morehead that plays a part as it has still not reached it potential as a technology, and in the market.
“We still have another solid ten years to go before this is fully fleshed out,” added Morehead.
Morehead is aware that his prediction sounds outlandish, however, looking at past performances, it is well in the range to reach these figures.
This thinking from Pantera that says $42,000 price by the end of 2019, then breaks down to $122,000 price by the end of 2020, and a $365,000 price by the end of 2021.
“I know that sounds crazy, but essentially, we’re half way back there. It’s right on the trend line, and I think it’s a good shot that by the end of the year we hit that,” said Morehead.
Yosef Eliyahou Az agree 10000% will be!!! 4 years ago from Israel
0 Reply
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Binance´s Launchpad Gears Up Tor Arkham Token Sale, Starts Recording BNB Balances
5 months ago | Benzinga
Arkham´s New Crypto Intel Trading Platform: A Game Changer For Traders?
5 months ago | NewsBTC
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
5 months ago | Coindesk
Bitcoin Edges Lower; Bone ShibaSwap Becomes Top Loser
5 months ago | Benzinga
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
YouHolder
YouHodler is not just another player in the crypto space; it's a dynamic and innovative company ...
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Bitcoin Predicted to Reach $42,000 In the Next Five Months: Dan Morehead
Outrageous Bitcoin predictions have been part and parcel of the market for many years now, and...
Can I buy house with Bitcoin?
One of the most significant advances in the digital age is the development of blockchain and...
Atari's New Crypto-Enabled Game Console
Talk of gaming and the names that ring a bell are Sony and Microsoft. These gaming giants have...
Truebit helps Ethereum to reach its full potential
The Ethereum blockchain is actually said to be the most promising blockchain out there, as it is...
All You Need to Know About Crypto Addresses
A crypto address is all it takes to send and receive cryptos. Any address can send cryptos to...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (1)