Dan Morehead, CEO of Pantera Capital, predicts Bitcoin could hit $745,000, citing its growing adoption and institutional backing from giants like BlackRock and Fidelity.
He argues Bitcoin has reached “escape velocity”, meaning it’s now too widely adopted to fail — with over 300 million global holders and rising demand.
If Bitcoin maintains 33% annual growth, the price target could be realistic within 7–8 years, especially as halving events reduce supply and institutional interest ramps up.
In a bold call that’s turning heads across the crypto space, Pantera Capital’s CEO, Dan Morehead, laid it all out during an interview with CNBC back in November 2024. His prediction? Bitcoin’s on a rocket ride to $745,000 — yeah, you read that right.
According to Morehead, Bitcoin has officially hit escape velocity. That old-school fear of BTC crashing to zero? He says it’s just not in the cards anymore.
“I used to tell people, just to play it safe, ‘Hey, it could go to zero,’” Morehead admitted. “But now? That’s not even possible. There’s 50 million Americans holding Bitcoin… 300 million globally. BlackRock and Fidelity are literally selling it to their clients.”
Bitcoin’s No Longer the Underdog
Backing up his confidence, Morehead pointed to real-world stats. Over 50 million people in the U.S. own some BTC. Globally, that number jumps to 300 million — not exactly a niche corner of the internet anymore. And with institutional players like BlackRock and Fidelity onboard, Bitcoin is clearly not just for early adopters or crypto nerds anymore.
Morehead also brought up MicroStrategy’s Michael Saylor, who recently floated an even crazier number: $13 million per Bitcoin. Wild, yeah — but Morehead’s take is a bit more grounded (relatively speaking). He argues that even if Bitcoin 4x’d from here, its market cap would hit $15 trillion. That’s still small, he says, when stacked up next to the $500 trillion pool of global financial assets.
“You bet your life it’s not going to zero,” Morehead added bluntly.
So, the big question — is this even remotely realistic?
Well, if BTC keeps growing like it has (up 33.9% over the past year), then yeah, the math checks out. Compounded annually, 33% growth would get Bitcoin close to $840K in about 8 years. Of course, that’s assuming the stars align — no major crashes, continued adoption, and a bit of that Bitcoin magic.
Morehead’s message is clear though: Bitcoin’s no longer some fringe asset people speculate on. With big-name financial firms pushing it to clients, and institutional money flowing in alongside retail investors, BTC is starting to feel a lot more like a necessity than a gamble.
The halving cycles will tighten supply. Demand isn’t slowing down. And if that momentum holds, $745,000 isn’t a moonshot — it might just be the next logical stop.
