{"id":20523,"date":"2025-04-04T00:31:44","date_gmt":"2025-04-04T00:31:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20523"},"modified":"2025-04-04T00:31:44","modified_gmt":"2025-04-04T00:31:44","slug":"pantera-ceo-drops-bombshell-bitcoin-should-be-worth-120000-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20523","title":{"rendered":"Pantera CEO Drops Bombshell: Bitcoin Should Be Worth $120,000 Today"},"content":{"rendered":"
\n

Dan Morehead, CEO of Pantera Capital\u2014a firm renowned for its pioneering role in digital asset investments since 2013\u2014has delivered a bold valuation call for Bitcoin. According to Morehead, the world\u2019s leading cryptocurrency should be trading above $120,000, potentially even surpassing $126,000, if recent political and regulatory developments were fully reflected in market prices.<\/p>\n

Is Bitcoin Mispriced?<\/h2>\n

Morehead\u2019s argument<\/a> comes at a time when Bitcoin\u2019s price is only up by only 24% following the last US presidential election\u2014a modest increase by his standards. In a post on X, Morehead points to significant political and regulatory developments that he argues should have driven Bitcoin\u2019s price far higher than current levels.<\/p>\n

He wrote: \u201cIf a few days before the US Presidential election \u2013 with bitcoin at $69,000 \u2013 a sorcerer showed you a crystal ball and in it you knew for a fact that the pro-crypto candidate wins the presidency, Red House and Senate, 54 anti-crypto Members of Congress losing their seats, several Presidential Executive Orders<\/a> on crypto including: Strategic Bitcoin Reserve, US Digital Asset Stockpile<\/a> (with other cryptocurrencies), most major SEC actions against blockchain industry participants dropped and the President hosting a summit to get input from the industry \u2026all this in ten weeks.\u201d<\/p>\n

Morehead then assesses the impact these developments should have had on Bitcoin\u2019s valuation: \u201cI\u2019d bet you\u2019d say bitcoin would be up way more than 24%. The way I think of it, the markets have barely moved relative to trend. The twelve-year compound annual growth rate of Pantera Bitcoin Fund is 83%. It\u2019d be up almost as much just naturally. Seems to me that the crypto markets have yet to price in the very positive developments.\u201d<\/p>\n

By outlining these milestones\u2014ranging from a pro-crypto presidential victory and a reshaped Congress to a series of supportive executive actions\u2014Morehead suggests that the market\u2019s current price fails to capture what he sees as a natural upward trend.<\/p>\n

A 83% uptrend would position BTC above $126,000. This bullish forecast is especially striking given the backdrop of recent market volatility. Bitcoin had just suffered a drop exceeding 7% after US President Donald Trump announced reciprocal tariffs<\/a>\u2014a reminder that even the most promising outlooks can be overshadowed by sudden geopolitical and economic shocks.<\/p>\n

BitMEX founder Arthur Hayes, also speaking on X, reacted<\/a> to the sudden downturn and cautioned traders about potentially choppy conditions in the weeks to come. His comments suggest that $76,500 serves as a crucial price floor. Should Bitcoin maintain that threshold through mid-April, Hayes believes the market\u2019s ability to regain traction will look far more promising. \u201cMrkt no likey \u2018Liberation Day\u2019, if BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don\u2019t get chopped up!\u201d he stated<\/p>\n

Meanwhile, Charles Edwards\u2014Founder and CEO of Capriole Investments\u2014hints<\/a> at the possibility of Federal Reserve intervention, drawing parallels to previous periods where expansionary monetary policy helped reignite risk-on appetite, often boosting Bitcoin in the process. \u201cConsider this as tariffs come in higher than expected. The Phily Fed Business Outlook survey is showing expectations today comparable to 2000, 2008 and 2022. How long until the Powell printer starts humming?\u201d he remarked on X.<\/p>\n

At press time, BTC traded at $81,811.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Dan Morehead, CEO of Pantera Capital\u2014a firm renowned for its pioneering role in digital asset investments since 2013\u2014has delivered a bold valuation call for Bitcoin. According to Morehead, the world\u2019s leading cryptocurrency should be trading above $120,000, potentially even surpassing $126,000, if recent political and regulatory developments were fully reflected in market prices. Is Bitcoin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20523","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20523"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20523\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}