Pantera Capital had predicted that Bitcoin would hit $115,000 by August 2021. BTC would require a 900% annual growth rate to reach this target in one year. Pantera founder, Dan Morehead, believes that Bitcoin will hit the $100K mark in two years. In a recent interview, Dan Morehead, the founder of Bitcoin investment firm Pantera Capital, mentioned an investment letter published by the company. According to this letter, Pantera has predicted that Bitcoin will hit $115,000 by August 2021. This prediction is based on the stock-to-flow model. Morehead said that he still believes that the prediction could come true, even if that means that BTC will have to surge by its present value by nearly ten times. However, he added that his personal prediction is a bit more modest. My common response is it’s been growing at 209% for nine years, I think it’s going to grow at least 209% over the next couple years and that puts you at $100 000, probably in two years; but I do think that will happen. If BTC continues to scale at 209% annually, then it will reach the $100,000 mark in 1.92 years. The coin would require a 900% annual growth rate to reach $115,000 in just one year. The founder further noted that he is tired of cynics who continuously ask what “Bitcoin’s killer app” is. In his opinion, Bitcoin itself is the killer app and its primary use case is a store of value. BTC/USD bulls are currently recovering the price following four straight bearish days. It’s presently priced at $11,569. You can read up our price forecast report here. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold Price Analysis: XAU/USD’s meteoric rally falters, closes the week below $2050 FX Street 2 years Pantera Capital had predicted that Bitcoin would hit $115,000 by August 2021. BTC would require a 900% annual growth rate to reach this target in one year. Pantera founder, Dan Morehead, believes that Bitcoin will hit the $100K mark in two years. In a recent interview, Dan Morehead, the founder of Bitcoin investment firm Pantera Capital, mentioned an investment letter published by the company. According to this letter, Pantera has predicted that Bitcoin will hit $115,000 by August 2021. This prediction is based on the stock-to-flow model. Morehead said that he still believes that the prediction could come true, even… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.