Key Highlights
- According to Dan Morehead, Bitcoin will cross $700,00 during his interview on CNBC
- Earlier this year, BlackRock’s CEO made a similar prediction
Dan Morehead, the founder of Pantera Capital, shared his prediction for Bitcoin, saying that the cryptocurrency could eventually reach $700,000 per coin during his interview on financial news network CNBC.
Morehead has been involved with Bitcoin since its early days. His company launched a Bitcoin investment fund back in 2013 when the digital currency was trading at just $74. That fund has since generated enormous returns of over 131,000%, turning early investors into millionaires.
Last year, Pantera Capital CEO explained that Bitcoin has entered what he calls “escape velocity,” meaning it is very unlikely to ever become worthless.
Pantera Capital CEO pointed to several factors supporting continued growth, including over 300 million people worldwide now owning Bitcoin and major financial companies like BlackRock and Fidelity offering Bitcoin investment products to their clients.
Morehead believes that as more people gain access to smartphones and digital payments globally, Bitcoin could eventually be worth $15 trillion total, which is about 15% of all the world’s available money. This would require the price of each Bitcoin to reach approximately $700,000, according to Pantera Capital CEO.
Bitcoin has already shown strong performance in 2025, with its price increasing more than 91.94% in a yearly span. At the time of writing, Bitcoin is trading at around $115,245.78 with a staggering market capitalization of $2.29 trillion.
Pantera Capital CEO’s Forecast Matches with BlackRock’s Price Prediction
Earlier this year, BlackRock’s CEO, Larry Fink, shared a similar forecast that matches Pantera Capital. He explained how even small investments from major financial institutions could drive Bitcoin’s price to unprecedented levels.
Fink explained that if global asset managers allocate just 2-5% of their portfolio to Bitcoin, it would create enough demand to push the cryptocurrency to his predicted price target. He emphasized that Bitcoin serves as an important protection against the decreasing value of traditional currencies, especially for people living in countries with economic or political instability.
According to Fink, Bitcoin’s global availability makes it an ideal secure international currency that can help people protect their savings when their local currency loses value.
Meanwhile, the CEO of another major bank offered a different perspective. Goldman Sachs CEO David Solomon acknowledged Bitcoin’s growing importance but stated that he does not believe that it threatens the U.S. dollar’s dominant position in global finance. He described Bitcoin as an interesting speculative asset rather than a replacement for traditional currencies. Major financial institutions like Pantera Capital are continuously endorsing Bitcoin investments.
Bitcoin Surges Past $115,000 as Institutional Investments Soar
Bitcoin continues its remarkable rise, breaking through the $115,000 barrier as major financial institutions and governments around the world increase their investments in the pioneering cryptocurrency.
The current rally has been fueled by consistent institutional investment, particularly through Bitcoin exchange-traded funds (ETFs). These investment vehicles have recorded five consecutive days of positive inflows since September 8th, with a remarkable $2.32 billion flowing into Bitcoin ETFs just last week.
According to Alex Thorn, head of research at Galaxy Digital, Bitcoin ETFs recently experienced their largest single day of inflows since mid-July, signaling renewed institutional enthusiasm.
One crypto analyst writes on X, “On the non-logarithmic scale with the parabolic curve, BTC’s 4th phase points to a potential top around $140K–$142K. On the logarithmic scale, the Fibonacci 1.618 extension suggests BTC could stretch as high as $170K.”
Perhaps even more significantly, governments worldwide are increasingly adding Bitcoin to their national reserves. Data from BitcoinTreasuries reveals that government entities now hold over 526,000 BTC, worth approximately $61 billion.
This represents 2.5% of all Bitcoins that will ever exist. The United States and China lead this trend, each holding more than 190,000 BTC in its reserves.
The adoption trend is spreading globally, with countries like Kazakhstan and Pakistan recently announcing plans to establish official digital asset frameworks and Bitcoin reserves. Kazakhstan’s president specifically called for creating a State Fund of Digital Assets during his annual address, while Pakistan plans to use 200,000 BTC seized from criminal activities to form its national Bitcoin reserve.
As Bitcoin establishes itself as a mainstream asset, analysts are predicting further price increases. Some experts believe Bitcoin could reach $140,000 as early as October, based on current market patterns and investment flows.