Pantera's $115k Bitcoin Price Target with Dan Morehead - WBD340
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 27 April 2021
⏱️ 53 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Friday 23rd April Company: Pantera Capital Role: Co-Founder & CEO
Dan Morehead is a veteran of Wall Street, having worked at Deutsche Bank and Goldman Sachs before co-founding Pantera Capital. He is the embodiment of institutional investors, and he is predicting bitcoin will hit $115k by August 2021.
In 2013, Pantera launched the first cryptocurrency fund in the U.S. and offered accredited investors direct exposure to bitcoin. The firm also provides insights and price targets based on historical performance, market conditions, and models like stock-to-flow.
While, historically, bitcoin has faced many challenges that have kept some investors at bay, with the availability of institutional custody solutions and increasing regulatory clarity, these investors are now entering the market.
This increased institutional adoption of bitcoin has been a significant driver of the current bull market. With $trillions in government deficits worsening asset inflation, corporations have begun looking to bitcoin to protect their wealth.
In this interview, I talk to Dan Morehead, a veteran investor and the co-founder & CEO of Pantera Capital. We discuss the Pantera price target, the firm's investment thesis for bitcoin and the impact of inflation.
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Transcript
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| 0:00.0 | My prediction is Bitcoin will be 213% higher a year from now. |
| 0:05.0 | That puts it at 200,000 a year from now. |
| 0:09.0 | And I know it sounds crazy, but I think it's likely to happen. |
| 0:14.0 | Hello there from Bedford in the United Kingdom, the Bitcoin Mecca of the world, |
| 0:19.0 | how are you all doing? |
| 0:20.0 | Did you survive the drop this week? |
| 0:23.0 | Did you get shaken out or do your whole firm? |
| 0:25.0 | I think things are looking pretty strong right now. |
| 0:28.0 | Anyway, welcome to the What Bitcoin did podcast, which is brought to you by Gemini, |
| 0:32.0 | the only place I'm using for buying Bitcoin. |
| 0:34.6 | I'm your host Peter McCormack and if you could tell from the intro if you knew |
| 0:38.9 | where that was, that was Pantera, that was Mouthful War, means only only one thing it means I've got damn |
| 0:44.1 | more head back on the show and we had so many interviews lined up right now probably |
| 0:48.4 | ballmarket stuff that we're probably gonna have to release a show every day |
| 0:52.2 | this week. |
| 0:53.0 | Sorry about that. |
| 0:54.2 | I hope you get to listen to all of them |
| 0:55.8 | because they're all going to be bangers. |
| 0:57.5 | But before we get into this interview, |
| 0:59.7 | I have a message from my show sponsors. |
| 1:01.7 | And we're going to kick off today with Ledger |
| 1:03.2 | the world's most popular hardware wallet now or Hardware wallet allows you to |
... |
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