Pantera Capital: Bitcoin will grow to $ 740,000

According to a report by Pantera Capital, bitcoin could reach $ 740,000 by April 2028 if the current growth rate continues. This forecast is based on an average annual growth rate of 88%.

Analysts note that reaching the level of $ 740,000 is quite realistic against the background of the total market capitalization of financial assets, which reaches $ 500 trillion.

At this price, bitcoin’s market capitalization will be $ 15 trillion, which will significantly strengthen its position as «digital gold.»

Today, bitcoin’s capitalization is about $ 2 trillion, and the cryptocurrency is already ranked sixth among global assets.

The report also emphasizes that political changes in the United States, in particular the inauguration of President Donald Trump, could create a favorable environment for the crypto industry.

Congress is expected to take a neutral or even pro-blockchain stance, and the 15-year regulatory uncertainty will change in favor of the industry.

Pantera Capital is confident that bitcoin has every chance to consolidate its status as a global financial instrument, and its price will continue to grow in the face of improving market conditions and regulatory support.

As a reminder, bitcoin showed an impressive 46.59% gain in November, raising its capitalization to $ 1.94 trillion. However, further growth depends on a number of factors that experts say are crucial to reaching the $ 100,000 price level.