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Bitcoin’s subsequent main rally may take it nicely past earlier highs, in keeping with Pantera Capital CEO Dan Morehead. In a latest interview with CNBC, Morehead outlined a long-term view that envisions Bitcoin reaching $750,000 inside 5 years. He additionally predicted a pointy consolidation throughout the blockchain business, led by Bitcoin, Ethereum, and Solana. His remarks coincided with new funding initiatives centered on Solana’s rising market place.
Briefly
- Dan Morehead tasks Bitcoin may soar to $750K inside 5 years, with potential to surpass $1M in the long term.
- Pantera expects market consolidation round Bitcoin, Ethereum, and Solana as most blockchains fade out.
- Solana praised for its pace and scalability, with Pantera launching a brand new institutional Solana funding fund.
- Helius secures $500M in a Pantera-led spherical to develop a Solana-backed treasury fund for staking and yield progress.
Bitcoin Might Surpass $1 Million, Says Pantera Capital’s Dan Morehead
Morehead framed his bullish outlook inside a broader thesis that just a few base-layer blockchains—led by Bitcoin, Ethereum, and Solana—will endure. He rejected the notion {that a} single blockchain will dominate the market, arguing as a substitute that the business will consolidate round a handful of sturdy layer-one networks.
In line with Morehead, Bitcoin, Ethereum, and Solana are among the many few anticipated to maintain long-term relevance as most different chains fade away. He emphasised that Bitcoin’s upside will not be pushed by short-term hypothesis however by its gradual integration into mainstream funding portfolios.
Morehead expects Bitcoin, presently buying and selling at $114,768, to succeed in $750,000 inside 4 to 5 years. He additionally predicted that Bitcoin may surpass $1 million over an extended time horizon. The forecast builds on Pantera’s constant stance since launching what it calls the primary institutional Bitcoin fund in 2013.
Morehead likened Bitcoin’s function within the international economic system to that of “digital gold,” serving as each a retailer of worth and a macro hedge. He argued that Bitcoin’s shortage and decentralized nature make it a pretty different to conventional property, particularly as institutional participation continues to broaden.
Ethereum and Solana Set to Dominate Blockchain Progress, Pantera CEO Predicts
Whereas reaffirming his long-term confidence in Bitcoin, Morehead emphasised that Ethereum and Solana additionally maintain sturdy positions inside the blockchain ecosystem. “Ethereum anchors programmability,” he mentioned, describing it as the inspiration for tokenization, decentralized finance (DeFi), and digital identification.
Morehead famous that Solana has established itself as a high-performance blockchain able to supporting large-scale purposes—and has even outperformed Bitcoin over the previous 4 years.
He added that the community may deal with “9 billion transactions a day,” surpassing the throughput of traditional financial systems. In line with Morehead, Solana’s mixture of pace and low transaction prices has superior to some extent the place “it’s not apparent you want a subsequent factor” for on-chain monetary purposes.
Pantera’s New Solana Fund Targets Institutional Buyers Locked Out of ETFs
The interview additionally highlighted Pantera’s newest transfer to offer traders with publicity to Solana by way of a brand new public markets automobile. The fund provides direct, unlevered publicity to SOL, whereas additionally capturing staking yields for fairness traders. Morehead described the construction as a “digital asset treasury”, designed for traders who might not have entry to a spot Solana ETF.
In his view, the absence of a spot Solana ETF within the U.S. makes Pantera’s new automobile a sensible different for traders searching for market publicity. The fund simplifies participation by automating validator choice and staking rewards.
Proper now there’s no [spot US] ETF [for Solana]. It’s very troublesome to get. For individuals with a brokerage account, that is the simplest solution to get entry.
Dan Morehead
Pantera’s initiative follows a broader 2025 development of public firms creating listed automobiles that maintain main crypto property with staking parts. These buildings enable traders to realize oblique publicity to digital property whereas navigating the present limitations of the U.S. ETF market.
Helius Secures $500M Construct Solana-Backed Treasury Fund
Previous to Morehead’s remarks, Helius Medical Applied sciences introduced an oversubscribed $500 million financing spherical, led by Pantera and Summer season Capital, to launch a Solana-backed treasury technique.
The deal contains an extra $750 million in warrants, probably increasing the automobile’s dimension to about $1.25 billion. Helius mentioned it plans to make use of its Solana reserves for staking and different conservative yield methods.
When requested to match Ethereum and Solana, Morehead mentioned he expects each networks to stay key gamers in the long run. He believes the market will consolidate round just a few main blockchains, every serving particular roles inside the digital asset ecosystem.
Morehead characterised Bitcoin because the market’s main retailer of worth and macro hedge, and Ethereum because the main platform for settlement and decentralized applications. He additionally labeled Solana because the community optimized for high-speed client and buying and selling exercise. The CEO emphasised that whereas a number of blockchains will stay related, solely a choose few are prone to dominate over the long run.
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James Godstime is a crypto journalist and market analyst with over three years of expertise in crypto, Web3, and finance. He simplifies complicated and technical concepts to have interaction readers. Outdoors of labor, he enjoys soccer and tennis, which he follows passionately.
DISCLAIMER
The views, ideas, and opinions expressed on this article belong solely to the creator, and shouldn’t be taken as funding recommendation. Do your personal analysis earlier than taking any funding selections.
