According to Pantera Capital CEO Dan Morehead, the price of bitcoin could reach $ 115,000 in August.
A year ago, we predicted that Bitcoin would hit $ 62,968 this week. It worked. This Bitcoin rally is EXACTLY similar to previous halvings. By August, most likely, we will reach 115 thousand dollars.
This is getting ridiculous. A year ago we predicted Bitcoin hitting $62,968 this week. It just did.
This Bitcoin rally is EXACTLY like previous halvings. Likely to reach $115k by August.
April 2020 Investor Letter: https://t.co/RMwSbqlS8m pic.twitter.com/2vwuDb91qQ
— Dan Morehead (@dan_pantera) April 13, 2021
In this case, Morehead refers to a letter to investors that he sent out last April, which analyzes the stock-to-flow ratio and hypothesizes that the halving cycle in May 2020 will push the price of bitcoin up to August 2021 to the level of $ 115,212.
At the same time, he noted that the forecast for April 15 was made in calculating the price at around $ 62,968. As we can see, it was exceeded by almost $ 2,000.
It is worth noting that other predictions in his table turned out to be incorrect, since in mid-December the price of bitcoin was well below $ 32,000, and in mid-March it was well above $ 52,000. However, Morehead noticed how the numbers should be shifted forward or backward by a few weeks.
Dogecoin skyrocketed to all-time high
Dogecoin (DOGE) has set a new high above $ 0.14. The digital asset has grown more than 90% in 24 hours, according to CoinGecko .
Binance DOGE / USDT chart by TradingView.
The project capitalization has exceeded $ 17 billion, according to CoinMarketCap . The digital asset ranked tenth in terms of total market value.
American TV presenter and restaurateur Guy Fier supported Dogecoin on Twitter. 3.4 million people have subscribed to it.
Rollin’ out to the MOON 🚀 #Dogecoin pic.twitter.com/OHwuihdlUD
— Guy Fieri (@GuyFieri) April 13, 2021
Elon Musk reacted with an animation of a laughing dog.
– Elon Musk (@elonmusk) April 14, 2021
On April 14, the price of bitcoin crossed the $ 64,000 mark. The second largest cryptocurrency in terms of capitalization renewed its historical maximum at a level above $ 2350.
In March, Elon Musk wrote that he was buying a Shiba Inu. The businessman did not specify what was at stake: a puppy of this breed or the Dogecoin cryptocurrency with the image of a dog-meme.
In April 2019, the head of Tesla named Dogecoin as his favorite coin. In July 2020 and February 2021, Musk pumped the token price by 17% and 50%, respectively.
Dogecoin was previously supported by American rapper Snoop Dogg, musician and bass player of the rock band KISS Gene Simmons and porn star Mia Khalifa.