Cryptocurrency

24/07/19 09:00 UTC-4

By the end of the year, Bitcoin will cost $42,000: Pantera Capital

Bitcoin cost will be $42,000 by the end of 2019, Pantera Capital director said
Bitcoin cost will be $42,000 by the end of 2019, Pantera Capital director said

On July 23, the founder and CEO of Pantera Capital, Dan Morehead, said that Bitcoin’s course has great potential and can grow to $42,000 by the end of 2019. He told about this during an interview for the Unchained agency.

 

Bitcoin rate: estimated growth

According to Dan Morehead, the founder and CEO of Pantera Capital, the price of Bitcoin is still at a record high this year. During the interview, Morehead said that Bitcoin’s price chart should be considered logarithmically. With this consideration, the trend is in an annual increase of 235%. Based on this, by the end of this year, Bitcoin could cost $42,000.

Interesting in the section: Financial geography: countries where cryptocurrency is banned

 

"The price chart for Bitcoins is logarithmic, and its tendency is to increase by 235% the cumulative annual rate. This means that at the end of 2019 the cost of the BTC will be 42 000 US dollars. I think this is a good example of the fact that at the end of the year we will achieve it!" – Dan Morehead, Pantera Capital, for Unchained.

It is important to note that Morehead admits that this sounds insane. But he mentions how, once the price of one Bitcoin did not exceed $100. Even then, Morehead said that digital gold could reach $5,000, but many called it "crazy."

Director of Pantera Capital: by the end of the year, the cost of Bitcoin will be $42,000. Recall that today the first cryptocurrency collapsed again in price, and the rate fell to four digits.

Editor: Godfrid Brower

See also: "BTC fell to $9.6 thousand despite the growing interest of users"

#cryptocurrencyrate #Bitcoin #cryptocurrency #Bitcoincourse #DanMorehead #PanteraCapital

Comments

Similar

16/08/19 07:00 UTC-4

A Wall Street analyst is confident in the growth of Bitcoin

Yesterday, August 15, a prominent Wall Street analyst and co-founder of Fundstrat Global Advisors financial agency, Tom Lee, said he was confident in the imminent increase in the value of digital gold. According to an interview at Fox Business, by the end of 2019, cryptocurrency could hit a new historic high.

13/08/19 07:49 UTC-4

Ethereum cryptocurrency will be at $1000: survey results

A few days ago, on August 10, Nick Patel, a well-known trader and author of the bestseller about altcoins, conducted a social poll on his Twitter, which concerned the value of the second cryptocurrency by capitalization level – Ethereum. The results showed that more than half of the respondents are sure that the coin rate will be above a thousand US dollars.

31/07/19 05:10 UTC-4

The US Senate held a hearing on regulatory cryptocurrency issues

Following the previous hearings in mid-July, on July 30, the US Senate Banking Committee on the regulatory framework for cryptocurrencies and blockchains held a hearing entitled "Study of the regulatory framework for digital currencies and blockchain."

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Fiat money, funds
Other