This crypto investor correctly predicted bitcoin would hit $120K in 2025. He now expects it to double in the next year.

In 2013, Dan Marisid, the founder and CEO of Pantira, called at that time a global global hedge fund for investors to invest in Bitcoin, which is marginal digital assets, which was launched in 2009.

“Bitcoins is now trading at $ 65/BTC – exactly half of the price they were trading at our first meeting on May 28. I think we should buy strongly now,” he wrote in a letter to investors in July 2013. Panterra launched the Pantera Bitcoin box and the company interviewed to focus on encryption.

“[Many] “People thought I was crazy,” Remeons Mohid, the former merchant in Goldman Sachs and the management of the tiger, in an interview with Marketwatch.

Quickly forward until 2025, Bitcoin BTCUSD was about $ 115,000 on Friday, and the encryption industry grew from a specialized experience to an increased environmental integration system with traditional financial markets, a change that has been reinforced as president Donald Trump develops a friendly agenda of the department.

Meanwhile, Pantera has become one of the largest asset managers and adventure companies in Crypto. The company is now running $ 5.2 billion of assets, and more than 200 encryption companies have declined including Excination Coinbase Coin, Stableco Circle CRCL, Ripple Ripple, and others.

When Moraid gained a prominent position, he repeated his growing encryption by a handful of his colleagues in Princeton, who will also appear as a main player in this industry. These include Gavin Andresen, as soon as the main Bitcoin Network developer, Michael Novoghatz, founder of Crypto Investment Galaxy Investment Partners, PETE BRIGER, Chairman Michael Saylor Mstr and Joseph Lubin, founder of Ethereum and Softires of Blockain Connsysys.

In a separate note, the Senate Finance Committee was investigating whether Morehead had violated the federal tax law to avoid hundreds of millions of dollars by moving to Puerto Rico, which provides the population with a special tax break, according to an article issued by the New York Times. “I think I have acted appropriately with regard to my tax,” Moraid said in a statement, then I refused to comment on this article.

During an interview with Marketwatch on Thursday in Nasdaq Marketsite, where Figure Technology Technology Figr was in Nasdak on the same day, Moraid said he expected Bitcoin within a year, outperformed the smaller coding in the next few years, and clarifying his broader predictions for the future encryption future.

There is an increasing discussion on whether what is known as the four -year Bitcoin cycle is still correct. Moraid’s answer is yes.

Historically, analysts divided the transition of bitcoin into four stages – collapse, noise, correction and accumulation, based on the half -asset schedule. Halvings is an event that occurs almost every four years that cuts the rewards that miners receive to check the Blockchain transactions in half, limiting the new bitcoin supply.

While the first three goals in the history of Bitcoin helped stir gatherings by increasing scarcity, some argue that the Halvings effect has declined with the formation of more factors that make up the Bitcoin price now. However, Moraid said that studying the course is still important to measure the next step for encryption.

To support his argument, Moraid referred to a call he made in November 2022 that Crypto would reach $ 117,482 on August 11, 2025, based on his analysis of Bitcoin’s performance three times earlier. Bitcoin rose above this level, according to the target MOREHEAD history, and then rose to a standard level of 124,495.51 dollars on August 14 before declining, according to Dow Jones Market data.

Now, Moraid said that Bitcoin is expected to double within a year and trade over $ 230,000, then eventually rise to a million dollars.

However, this course may be different from those in the past. One of the prominent discrimination is that Trump was pushing forward a series of policies that are friendly to the encryption industry. The genius law was signed in July, or the first federal law to regulate Stablecoins, or a kind of encryption whose value is associated with another origin, and is often the US dollar. In the same month, the President’s working group issued a report with the regulatory recommendations of this industry, indicating that digital assets have become a priority for politics.

Against the background of that background, Moraid said he expects altcoins, or encryption other than bitcoin, to excel in the next three years. Gary Ginsler, the former head of the US Securities Authority, and most of them called for securities, Gary Ginsler, the former head of the US Securities Authority, argued that Altcoins can benefit more than the Trump administration policies, because it suffered from the uncertainty during the previous administration can benefit more than the Trump administration policies, as they suffered from organizational uncertainty during the previous administration when Gary Gainer called, the former president The American Securities and Stock Exchange Committee, most of them. Jinsler said at the time that Bitcoin was the only encryption he would publicly classify as a commodity.

Moorehead also added that with the maturity of Bitcoin, it has become increasingly difficult for the so -called whales, which usually indicate those carrying thousands of bitcoin, to move the market.

From 2013 to 2015, Pantera accumulated 2 % of the total Bitcoin supplies. However, the company has gradually reduced its position since then. Marided said that Pantira is now carrying nearly one billion dollars in Bitcoin. He added: “We have sold them to invest in new companies, and we have the Bitcoin Bitcoin Fund that contains investors, and they have been recovered to achieve the profits of more than 12 years.”

Marisid, who said he was the first asset -backed securities dealer in Goldman Sachs in the 1980s, said he expected “all value things” ultimately to be released on Blockchain. However, he admitted that it would take some time, with the arrival of a symbol of some assets closer to others. The distinctive symbol indicates the process of creating digital assets in the real world on Blockchain.

For example, the American mortgages and the American cabinet can be BX: TMUBMUSD10Y may be symbolic more easily, while real estate symbols will require more effort.

When it comes to stocks, the technical challenge is not a source of concern, but “the organizational thing slows it.”

Marishaid pointed out that it requires more organizational clarity from SEC before more companies and money feel more comfortable in issuing stocks directly on Blockchain. While many companies including Robinhood Hood launched the so -called stock symbols, they represent encrypted representations of the company’s shares but do not give the rights of shareholders.

Read: Converting shares and bonds into deals similar to the encryption will not happen soon. This is the reason.

Pantera currently does not have any plans to repeat any of its money, due to organizational uncertainty.

“You know that we are already in a very examined industry, so if we take what is historically believed as a box for the private security project, then we make it a symbol, it is not clear how SEC will deal with it with that.” He added: “Therefore, we have avoided doing this, but I could see in the long run, and I think that perhaps after 10 years from now, the money like us will be a symbolic habit.”

Although it is difficult to predict an accurate schedule when the shares are released, if not all, the shares will be released on Blockchain, “within a few years, you will see a large number of stocks circulating on Blockchain, which will open access to each person with a smartphone.”

In that memo, organizational expectations appear increasingly favorable. SEC Paul Atkins President announced last month a new encryption agenda aimed at “Moderniz[ing] The rules and regulations of securities to enable the US financial markets to move on the series. “

Pantera is also a major supporter of many of the audience -circulating companies that adopted a encryption strategy, and it is one of the most important trends this year. It is a strategy in which the company, whether its original business is related to encryption or not, collects money, buys encryption and adds metal currencies to its public budgets.

PANTEFOLIO companies in this BitMine Gemersion Technologies BMNR, a bitcoin generalization company that adopted a strategy to harm the ether and appoint veteran Wall Street analyst Tom Li as a president.

However, since more than 100 companies jumped to the game this year, for some of them, their share price installments are on the net value of the assets, or the value of the encryption they keep, was narrowing, or even the transformation of negativity in recent weeks.

Moraid said that the restriction of the installment was expected. He said that such a bonus is a measure of excessive demand for public assets in Blockchain Square and will inevitably decrease in the long run. Meanwhile, the catheter is also in support of the basic price. “When the price of bitcoin or the price of Solana Solosd collects, the installments rise slightly. And when they start, as they were during the past few weeks, the installments are decreased,” he added.

In the end, Moraid said he expected only a small number of companies with encryption treasury strategies to survive. Companies or three companies may leave per main encryption after monotheism, whether it is Bitcoin, Eter or Solana. “But not 100,” Moraid said.

He said that investors must “really focus on teams that have the best management teams that can reach coins at the best prices.”