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27 November 2024
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Pantera Capital CEO Predicts Bitcoin Could Reach $15 Trillion Market Cap

A prominent figure in the cryptocurrency space made a prediction that Bitcoin could reach a total market capitalization of $15 trillion within four years.

Pantera Capital CEO Dan Morehead stated that global blockchain adoption remains behind other financial assets, suggesting that this untapped potential may lead to significant growth in Bitcoin's market capitalization.

Bitcoin and the $740,000 Target

Morehead believes Bitcoin's price could rise to $740,000 per coin in the next four years. He attributes this potential surge to increasing technology adoption in finance, noting that “blockchain remains largely untapped.”

If Bitcoin reaches $740,000, Morehead predicts its total market capitalization could hit $15 trillion.

While some view the $15 trillion figure as exaggerated, Morehead argues it is modest compared to the global financial assets market capitalization of $500 trillion.

Financial Wealth Needs Tech

Morehead bases his forecast on the premise that financial wealth requires technology. He noted that approximately 95% of financial wealth currently does not utilize technology, with many analysts predicting that blockchain technology will revolutionize finance.

He described the financial wealth industry as being in the early stages of a "massive transformation," stating, “95% of financial wealth has not addressed blockchain. They are just beginning this massive transformation now. When they do, Bitcoin might be at something like $740,000/BTC.”

Morehead suggested Bitcoin could achieve a $15 trillion market cap by April 2028 but acknowledged that it may take longer due to unpredictable price trends.


Currently, Bitcoin trades at $93,785 per coin, with a total market capitalization of $1.8 trillion.

Bitcoin: Historical Growth

Morehead pointed out that historically, Bitcoin has experienced significant price surges, indicating another price increase is possible. He emphasized that cryptocurrencies offer compelling investment opportunities due to their high potential returns relative to risk.

“The expected value of the trade is the most compelling I have seen in almost 40 years of doing this,” he added.

Current Market Condition

Recently, Bitcoin's price decreased by 1.23% to $91,000, while trading volume rose by 12% to $91 billion. The total market capitalization slightly declined to $1.8 trillion.

Market liquidations for Bitcoin and smaller market cap coins were reported at $112 million and $81 million, respectively.

Featured image from DALL-E, chart from TradingView