Pantera's $115k Bitcoin Price Target with Dan Morehead
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Pantera's $115k Bitcoin Price Target with Dan Morehead - WBD340
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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.
00:04:24: Introductions
00:05:22: Pantera's summer price target
00:06:16: How Pantera set their targets
00:10:11: External effects on the price
00:12:19: Fear of selling Bitcoin
00:13:21: The current financial crisis
00:18:11: Inflation misconceptions
00:22:11: "When money dies" by Adam Ferguson
00:29:23: Corporate treasury adoption
00:32:07: Banks and Bitcoin
00:32:49: The questions still being asked about Bitcoin
00:36:44: Banks vs Bitcoin
00:40:12: Gold vs Bitcoin
00:43:26: CBDCs
00:46:14: ETFs
00:49:32: Final comments
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Mentioned in the interview:
Genesis Block “Chancellor on the Brink of Second Bailout for Banks”
US National Debt by Year Compared to GDP and Major Events 5 of 10
United States Consumer Price Index (CPI) | 1950-2021 Data | 2022-2023 Forecast
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