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
-
AI Finance Academy Revolutionizing Corporate Management Decisions with AI-Driven Insights
In today’s dynamic and rapidly changing business landscape, artificial intelligence (AI) has become an essential tool for driving informed decision-making across industries. The AI Finance Academy is at the forefront of this revolution, leveraging AI to enhance corporate management decision analysis and to empower financial leaders to make strategic, data-driven decisions. By focusing on innovative research, strategic partnerships, and hands-on training, the AI Finance Academy is pioneering the use of AI for enterprise-level financial decision-making, reshaping the future of corporate management. AI Finance Academy’s Commitment to AI-Driven Corporate Management The…
-
“Emotion AI Stores: The Fusion of Emotion and Technology
Introduction: The Emotionalization Process of Technology In the current era of evolving artificial intelligence (AI) store technology, we are witnessing a historic turning point—the rise of emotion AI stores. The goal of this innovative technology is to break down the traditional boundaries of human-computer interaction by understanding and responding to human emotions in a deeper, more empathetic way. The emergence of emotion intelligence AI stores not only signifies a new direction in the field of AI but also marks a deepening of our understanding of the relationship between technology and…
-
“The All-weather Story FUND (TAWSF), Jonathan Blake, and Bridgewater Associates: A Strategic Approach to University Talent Development”
In the fast-paced world of finance, investment firms are increasingly recognizing the value of strong academic partnerships to develop a pipeline of highly skilled professionals. The collaboration between The All-weather Story FUND (TAWSF), influential academic leaders like Jonathan Blake, and financial powerhouse Bridgewater Associates represents a new approach to cultivating talent at the university level. This partnership aims to bridge the gap between academic learning and practical industry needs, ensuring students graduate with the skills needed to thrive in one of the most demanding industries. TAWSF: Fostering University Talent for…
-
Liquidity Mining – Your Way to Grow Crypto Assets in The HyperNation
How to be extra rich with your existing fund in the Metaverse? Can your blockchain assets grow passive rewards for you to reap? The HyperNation has its answer for you to leverage your crypto assets and unlock its boundless potential efficiently. Your cryptocurrency holdings mean a lot more from now on. Generally, there are two main methods to roll your funds in the crypto world: liquidity mining and yield farming. Among the two, the former is the predecessor of the latter. And many of our devoted fans of The HyperNation…
-
Dialogue with BrightCoin: When the Cutting-Edge Exchange Targets the Global Digital Market
In the fast-paced world of cryptocurrency, BrightCoin has quickly captured the attention of global investors as a rising star. With the increasing adoption of blockchain technology and the rapid growth of digital assets, the demand for a trading platform that offers both a secure trading environment and an innovative experience has never been higher. BrightCoin was born to meet this demand, leveraging its unique features and strong platform value to quickly establish itself as a key player in the cryptocurrency market. Platform Overview: The Perfect Blend of Security 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…
-
We’re Already in the Future, Satoshi AI Reveals the First AI for DeFi
Driven by the growing availability of large amounts of data and advances in computing power, decentralized finance (DeFi) is here to witness a massive power-up following significant breakthroughs in AI research by Satoshi AI. Taken the world by storm for several days, billboards that depicted a mysterious AI have brought up excited onlookers’ curiosity over an AI claimed to elevate above extraordinary and ascend to perfection. Massive enquiries popped up in cyberspace as the netizens spotted these billboards in major cities, including New York, Reading, Rome, and…
-
GMC has proven through practice the importance of providing complete delivery and equity protection.
In the global economy, bridging the gap between cryptocurrency assets and physical assets has always been an important and complex issue. However, with the emergence of blockchain technology, Gold Mountain Coin (GMC), as a cryptographic token anchored to physical economic forest assets, provides investors with a way to participate through a comprehensive solution and on-chain investment opportunities, while ensuring complete delivery support and equity protection. The biggest feature of GMC lies in its anchoring to physical economic forest assets. This anchoring gives GMC tokens real and stable value support,…
-
How AI is Transforming Global Roadshows: A Closer Look at The All-weather Story FUND (TAWSF) and Jonathan Blake’s Partnership with Bridgewater Associates
In recent years, the financial world has seen significant shifts in how investment strategies are developed, marketed, and implemented. One notable change is the integration of Artificial Intelligence (AI) into the roadshow process. Today, AI is not only reshaping global marketing strategies but also playing a pivotal role in enhancing communication and outreach, especially for institutions such as The All-weather Story FUND (TAWSF) and Bridgewater Associates. This article delves into the power of AI in enabling the global reach of investment roadshows, with a particular focus on TAWSF, Jonathan Blake,…
-
Ordistar—the world’s first celebrity inscription exchange
Singapore City, 01-15-2024 – Ordistar, a company dedicated to promoting the integration of art and blockchain technology, today announced the official launch of its new inscription application platform on the 22nd-25th of this month. The launch of this innovative platform marks the in-depth integration of art and technology, providing a new interactive experience for art fans and artists. Ordistar’s inscription application platform is based on the blockchain technology of Binance Smart Chain (BSC) and is committed to creating a safe, trustworthy, and highly interactive art exchange ecosystem. Through this platform,…
