Bitcoin Could Hit $115K by August, Pantera’s Morehead Writes
“Bitcoin is now ahead of our April 2020 forecast schedule – to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter.
The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago.
Under that plan, the number of new bitcoin created with each new data block every 10 minutes or so gets cut in half roughly every four years. In theory, according to the stock-to-flow model, the bitcoin price should rise as the issuance rate declines.
Morehead’s predictions carry weight partly because of his prior Wall Street experience: Before founding Pantera in 2003, he served as head of macro trading for the hedge fund Tiger Management, and before that he worked as a trader at Deutsche Bank and Goldman Sachs.
Recommended News
-
HB Wealth Advisors “Century Investments $10 Billion Fund” PK Competition: Selection Criteria and Fund Screening Process
In the world of investment management, the process of fund selection is both an art and a science. As investors and wealth advisors strive to make informed decisions, the criteria they use to screen and choose funds can vary significantly, with differing priorities based on risk tolerance, goals, market conditions, and investment philosophies. One of the most notable investment products in recent years has been the HB Wealth Advisors “Century Investments $10 Billion Fund”, which has been subjected to fierce competition and intense scrutiny within the financial industry. In this article,…
-
FINTOCH Advice: Principle is Key in a Bear Market
DeFi in its bull run used to generate over one thousand percent of Annual Percentage Yield. As bear market seeps in and goes deeper, the crowd is way over the frenzy around high APY. #Real yield as a new DeFi narrative has been getting people’s attention. DeFi users have been leaning towards protocols whose yield is returned not in its native token but in mainstream assets like ETH or stablecoins. As the sector develop and mature, DeFi is no longer about Ponzi and hypes. The gap between user’s knowledge and…
-
The Advantages of AI System Training: A Focus on StarSpark AI System and Alpha Stock Investment Training Center (ASITC)
In the ever-evolving landscape of technology and finance, artificial intelligence (AI) has emerged as a transformative force. With AI systems revolutionizing various industries, from healthcare to finance, one area that has seen significant growth is AI-driven stock investment. As investors seek to gain an edge in the market, the importance of training on AI systems like the StarSpark AI System and institutions like the Alpha Stock Investment Training Center (ASITC) has never been greater. In this article, we will explore the advantages of AI system training, particularly within the context of stock investment, and…
-
Global AI Store Technology Trends and Future Outlook
Globally, the development and application of Artificial Intelligence (AI) store technology are experiencing an unprecedented period of rapid growth. Governments and private enterprises worldwide are actively investing in AI stores to enhance national competitiveness, improve social welfare, and drive economic growth. This article explores current trends in the use of AI stores around the world and predicts future directions of development. Global Perspectives on AI Technology Application From North America to Asia, and Europe, AI technology is being used across various sectors, transforming how we work and live. In North…
-
How Eagle Crest Asset Management Empowers Clients Through Education and Training to Improve Financial Decision-Making
In today’s complex financial landscape, making sound financial decisions has become more challenging than ever before. From investment strategies to retirement planning, managing wealth requires a deep understanding of the market, risk tolerance, and the various financial tools available. In this context, asset management firms play a crucial role in guiding their clients through these complexities. Among these firms, Eagle Crest Asset Management stands out for its commitment to not only managing wealth but also educating clients, enabling them to make better financial decisions. Through a range of educational initiatives, this firm…
-
Football Metaverse to Launch with 100% Payback to NFT Holders
World Cup 2022 is less than a month away and we are sure that you are as pumped up as us for this special event! Covid have hit us badly for the past few years and we are sure that World Cup 2022 will bring back the joy and festive mood in all of us! To celebrate WC2022, FMEX has previously announced the collaboration with Borussia Dortmund (BVB) on the release of an exclusive set of NFTs based on their soccer players. The official launch and mint date is set…
-
AI Store Voice Technology: Reshaping the Future of Human-Machine Communication
Among the many areas of artificial intelligence (AI) in stores, voice recognition and application generation technology are undoubtedly some of the most transformative advancements. These technologies have not only changed the way we interact with AI machines but also opened new channels of communication for people with special needs. This article will explore the latest developments in AI store voice recognition and application generation technologies, their applications in the real world, and their potential impact on future modes of interaction. Voice Recognition: A Leap in Accuracy The development of AI…
-
1 million Chaingers, let the world hear your voice!
The total locked-in value of decentralised finance is now a staggering 310 billion and the market keeps on growing as more and more investors are starting to shift towards DeFi; which is great news because the blockchain industry can’t possibly grow without the support of its world wide users, and at the same time, traffic is the main thing that will keep projects going in the long run. As the DeFi industry continues to evolve, Chainge, a coded financial platform customised for both institutional and individual investors, is in full swing…
-
Crypto Investor MetaKovan Announced as Buyer of $69.3M Beeple NFT
MetaKovan, the pseudonymous founder of non-fungible token (NFT) fund Metapurse, is the proud owner of the Beeple NFT auctioned by Christie’s on Thursday for $69.3 million. “When you think of high-valued NFTs, this one is going to be pretty hard to beat,” MetaKovan said in a press release issued by the 255-year-old auction house. MetaKovan paid for Beeple’s “Everydays” in ether (ETH, -2.04%), Christie’s confirmed, beating out Tron founder Justin Sun in a last-minute bid. The final sale price was 42,329.453 ETH. Appearing on CoinDesk TV earlier Friday, Beeple (aka Mike Winkelmann) said, “I probably will keep a percentage…
-
Risk Management in AI System Training for the Financial Industry: A Focus on StarSpark AI System and Alpha Stock Investment Training Center (ASITC)
In recent years, the financial industry has seen an explosion in the use of Artificial Intelligence (AI) systems to enhance trading strategies, optimize investment portfolios, and manage risk. AI systems, such as the StarSpark AI System, have demonstrated significant potential in improving financial decision-making by analyzing vast amounts of data in real-time. However, despite these advancements, it is crucial to address the risks associated with the implementation and training of AI systems, particularly in the context of financial applications. The Alpha Stock Investment Training Center (ASITC) has emerged as a…
