#pantera capital

The founder of Pantera Capital, Dan Morehead, asserts that Bitcoin is only at the start of its ascent, with its value potentially climbing to $740,000.

In a move by the bankrupt exchange FTX, between 25 to 30 million SOL tokens have been sold to Galaxy Trading and Pantera Capital for $64 each, according to anonymous sources cited by Bloomberg. This transaction is valued between $1.6 to $1.92 billion, though the exact date of the sale remains undisclosed.

Investment fund Pantera Capital has forecasted a boost in Bitcoin's price following the forthcoming halving in April 2024, a pattern observed in the past. With historical trends as a basis, they anticipate Bitcoin will hit $35,000 before the halving and surge to $148,000 by 2025. Decisive events, like a positive court verdict for XRP and the greenlight for BlackRock's spot Bitcoin ETF, are expected to shape these potential outcomes.