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Following significant downfall, the trade price of Bitcoin (BTC) is back on the bull run path and seems ready to hit & surge above $100k level.
The current trade price of Bitcoin is $94,658 & this price level is 1.5% high over the last 24 hours period.
As per an analysis by experts, Bitcoin is expected to hit the $132k level in 2025.
Pantera founder on Bitcoin price
Dan Morehead, founder of Pantera and former Goldman Sachs Group bond trader, shared his prediction on the trade price of Bitcoin.
He said that Bitcoin will reach $740,000 by April 2028. To explain his prediction, Morehead stated that Bitcoin almost hit $100,000 which is a sign of better economic outlook. He noted that the rise in the trade price of Bitcoin also has driven many volatile money markets up since the US presidential election.
The former Goldman Sachs added that the victory of pro-Bitcoin former US president Donald Trump as the next president has given crypto people hope that crystal clear rules are going to bring a better path for the adoption of this sector.
Furthermore, he said that everyone in Congress will either show a neutral or pro-Crypto stance, and this is the beginning of the adoption of this innovative space.
He noted how this innovative sector faced huge legal uncertainty in the last 15 years but now the situation is going to take a big turn.
Pantera reported that the post-US presidential election pushed the Bitcoin fund an additional 30% upward. After all expenses, fees & charges were cut, the fund had a remarkable return of 131,165%.
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