U.Today

Dan Morehead, the founder and managing director of Pantera Capital, recently shared a bold vision for the future of Bitcoin (BTC). In a world where 300 million people already use cryptocurrency, he believes the digital asset story is just beginning, with the number of users potentially growing to 5 billion in the next 10 years.

This growth could reshape the financial landscape, with Bitcoin, the flagship cryptocurrency, at the center of this transformation. Morehead's analysis suggests a striking possibility: Bitcoin's market capitalization could hit $15 billion by 2028—a 10,000% increase. This projection aligns with Bitcoin's past performance, as mentioned by Morehead in an interview with Bankless.

Morehead argues that this is not just wishful thinking; BTC has been doubling in value every year for the past 11 years, continuing its ascent despite criticisms of being overvalued. He is confident that Bitcoin's consistent performance and role in broader technological and economic changes are key drivers of its success.

Still early

However, the transformation extends beyond mere numbers. Morehead states that the next 20 years will bring significant changes to the cryptocurrency space. These shifts involve not only valuations but also the deeper integration of blockchain technology and cryptocurrencies into global systems.

Morehead's forecasts derive from his extensive experience in the field. Back in 2013, when BTC was valued around $65, he advised investors to stay attentive, a letter that has gained legendary status in the crypto community.

This article was originally published on U.Today.