Dan Morehead, the founder of Pantera Capital, a hedge fund focused on cryptocurrency, recently shared his optimistic outlook for Bitcoin and stablecoins in 2025 during an interview on CNBC.
He believes that the anticipated introduction of clear regulations will open the doors for institutional investments in the blockchain space. Currently, many institutions have minimal exposure to blockchain, but as they begin to engage, Morehead expects significant growth in the sector.
BlackRock, a major player in asset management, recently suggested a 1-2% allocation to Bitcoin for multi-asset portfolios, which has been seen as a pivotal moment for the crypto market. Galaxy CEO Mike Novogratz referred to this recommendation as a “massive” development, with many Bitcoin proponents anticipating that it could drive broader institutional adoption.
In line with these expectations, Bitwise has forecasted that Bitcoin ETFs could see even greater inflows in 2025 than in 2024. Morehead pointed out that interest in Bitcoin has surged significantly compared to last year and noted that Bitcoin’s price doubling this year isn’t surprising given that the cryptocurrency has historically performed similarly over the past decade.
Pantera Capital remains optimistic about Bitcoin’s potential and believes there’s still ample room for growth in the market. In addition to Bitcoin, the firm holds substantial positions in other tokens such as Toncoin (TON) and Solana (SOL). Morehead has even predicted that Bitcoin’s price could eventually reach as high as $740,000.
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