Bitcoin Forum

I am happy about his optimism. However, similar to other speculative investments, bitcoin also abides by a similar level of uncertainty like the stock market, does it not?

The level for bitcoin might also be higher.

https://i.ibb.co/vQNSr0s/D60691-AD-B2-B4-4-AEF-9-BDE-0-D9-E0-C6448-AE.png

Pantera Capital co-founder and chief executive Dan Morehead says he believes Bitcoin will explode in a matter of months.

In a new episode of What Bitcoin Did, Morehead says he expects central banks to steadily debase fiat currencies in response to the coronavirus crisis, leaving investors to seek alternative assets with a fixed monetary supply. The Pantera Capital CEO describes the devaluation of the UK pound sterling as an example.

Meanwhile, Morehead expects the stock market to struggle big time. He says that an immediate V-shaped recovery many are hoping for is not going to happen.

“I think this is the most complicated and really crazy environment that I’ve ever experienced. There’s so much uncertainty. The only thing that I’m certain of is it’s not going to be a V-shaped recovery.”

Read in full https://dailyhodl.com/2020/04/12/pantera-ceo-says-bitcoin-btc-will-explode-in-three-to-nine-months-warns-equities-wont-see-v-shaped-recovery/

That is not Dan Morehead or anyone who has anything to do with Pantera Capital. ;D

I think it's some actor named Branden Miller. (https://www.thefader.com/2016/08/09/joanne-the-scammer-branden-miller-messy-bitch-interview) What is your process when choosing these pictures? A little due diligence please. ;)


I agree with him there, but given that BTC just follows the stock market, it won't be a V-shaped recovery for BTC either. I'm not sure when BTC will finally diverge from the rest of the market, but it might not be until the recovery phase of this economic crisis. Q4 or maybe even next year.

@exstasie - You never learned from @bbc.reporter when he is posting pics, remember his Tom Lee's pics here? Tom Lee, from bitcoin bull to bitcoin bagholder (https://bitcointalk.org/index.php?topic=5032558.0), it could be misleading though for newbies.  ;D

I'm also very bullish on bitcoin regardless of the Covid-19 pandemic, one thing that we still have is the bitcoin block halving. Yes, bitcoin is one speculative asset but if you can ride the waves then why not?

I did remember that thread when He posted a wrong Photo of "Tom Lee" in being quoted But was been edited because of some clarifications from posters.
Majority of us here are Bullish(Even sometimes frustrations comes because of lowering prices) but we are not losing hope because we have already seen many bear market like this before.

@exstasie think we know by now bbc.reporter does not really come close to the standards of a BBC reporter. There's probably copyright infringement on just using stuff like that.

@slaman29: Yeah, Pantera, Schmantera. Is random price prediction for thought leadership appearance still a thing? Thought we consigned meaningless influencer predictions on podcasts to 2019. Though I suppose his firm is all about speculation.

I agree with this last line and somehow I am being dragged by the optimism so I think it is a good thing to be spread.

What complicates things is when this virus will be stopped. By that, I mean totally annihilated in the face of the world.
It seems like as it takes longer the financial industry could way down and I think bitcoin will also be affected by it. No doubt.

So, the summarize time of about 3-9 months could go way longer like a year or maybe a couple.
Maybe it aint a perfect V but more like a widen one or maybe a W. Let us not forget about the halving, there is still a chance a hype may happen.
Is he still doing it like an April Fools?  ;D

I do not think that betting on this will be completely correct, as there are many scenarios that have not been resolved yet, including that the rapid recovery from the economic effects of this pandemic will restore confidence in govs, and therefore we may witness a rapid return (V shape.) "Perhaps success in getting rid of the economic consequences before the beginning of June."

Therefore, all expectations are linked to the return of the economic recovery, the solutions that governments will follow, and whether or not a recession will occur.

Note that we have not had such problems since the creation of Bitcoin, so the analyzes will not be accurate.

Governments have been endlessly printing money, traditional investments will see low rates of annual interest, worldwide economies are fucked.

The halving is in literally one month, we’re halving the supply of new coins unlike governments who are printing more & more useless fiat.

Of course bitcoin is going to explode, limit the supply, increase the demand = MOON.

Lol that picture was really off putting and I didn't really understand the relevance, first I saw that and I said if THATs the ceo then I wouldn't really listen to him and or what he says, that person must be crazy. Then I googled and he is not the ceo at all, and then I came here to read the responses and it turns out he is an actor and frankly actors do go into costumes so that makes more sense and that person in the picture could be sane, just acting.

However like exstasie said that has nothing to do with the topic or the person so why would you choose something like that :D. It literally drops the credibility of the dailyhodl website to spread around stuff like this to create clickbait articles with clickbait images to get more people to their websites.

Thank you for bringing that up so I wouldn't have to for the millionth time in OP's threads.

Never heard of Pantera Capital, but it doesn't really matter who they are and I don't trust public announcements like this from investment firms or money managers, because it always strikes me as a bald-faced attempt at hyping an asset that they likely own.  It's also only one person/company's opinion, and for every one of those you find that tells you bitcoin is going to spike there are probably hundreds of others telling you the opposite.  The truth is that none of them know for sure, so it's all noise.

There is no relevance, and I'm putting OP on ignore for constantly using irrelevant images.

Now that the shutdowns have been extended everywhere, and there is an expectation this will continue for months, a rapid recovery seems unlikely now. This is the projection from Morgan Stanley: (https://twitter.com/RobinWigg/status/1249303192355168256)

https://i.imgur.com/94HnVUY.png

Optimistically, they expect a staggered return to work in June-July but they also expect social distancing to continue, and that lots of workers will still be out of work. They acknowledge a vaccine is the only true hope of solving the pandemic, and that it won't be coming for a year or more, leading them to conclude:

Its nothing new yet we have seen countless of these kind of calls when it comes to price speculations or predictions.The difference here is that
they do have that louder voice due to their reputation but actually those speculations are just generic just like any other speculators into this market.
We can say all we want but as said that all of those are just noise and theres no guarantee that it can happen precisely.

As long the vaccine wont be created then its expected that the more months would pass the more chaotic the world it would be.I cant imagine if this one would last for a year.

Well generally what he is saying is what most people are speculating will happen.

In the near term, bitcoin might suffer due to the correlation with stock markets. However with the unlimited QE and inflation about the hit the markets, assets such as bitcoin especially with the halving will really begin to take-off.

Issue is that it won't happen in the near term. Too many people are overly bullish because of the halving date next month, however it might not have an effect until maybe 6-12 months later.

First we need the corona virus numbers to start to flatten and go down or have some vaccine which is near approval. The next few months are very uncertain for many people.

Prepare yourself. Vaccines typically take 5-10 years to produce and get approval, not to mention the scale it will take to vaccinate potentially billions of people. https://www.nationalgeographic.com/science/2020/04/why-coronavirus-vaccine-could-take-way-longer-than-a-year/


What that means for a COVID-19 vaccine:


It's never been done before. 12-18 months is the absolute best case scenario, assuming everything works out perfectly. It also means skipping lots of safety measures, which is a pretty terrifying idea considering we're talking about injecting biological material into billions of people.

Longer than a year! Many will probably die of hunger by that time. Meaning BTC would not moon after 9 months still and the longer we suffer due to this lockdown. When there is a crisis, this halving will not matter anymore because investors will just liquidate all. The charts seem to look good but if Covid will still exist we'll gonna experience for the first time the price dropping while there is halving.

@exstasie. I showed that picture to express how I feel on what Dan Morehead has said hehehe. He might be correct about the stock market, however, he might be wrong on bitcoin. Investors might be conservative and invest in safe bluechip stocks first before volatile speculative investments similar to bitcoin.

@The Pharmacist those pictures used by bbc.reporter are often used to drive a point as I have seen in her other threads, and now she has confirmed my theory too about those pics. Also as for this comment I would advise you'll to take it with a grain of salt, and do your own due diligence as these people will say anything to gain public attention.

Basically,Dan Morehead says nothing new.
The Bitcoin price might explode,or it might not.There's a huge uncertainty in both crypto and stock markets and the crisis won't be V-shaped(something most of us already know).For some reason,he thinks that central banks will be more favorable towards cryptocurrencies.I wonder why?Does he have some secret insider information about what central bankers think in regards to Bitcoin & altcoin adoption?I don't think so.
Stock markets will recover slower than crypto markets,because many companies are will be under lockdown for months.

Here comes another John McAfee, where the entire predictions of him went wrong. I think this will not even impact 1% on BTC everyone knows it is a precious asset such speculations turn around only if BTC goes down, The entire globe is suffering from COVID-19 also in most of the countries they are extending the lockdowns which has caused a stir among people. Guys halving is nearing do not hesitate to buy as much as BTC you can 8)

It is very difficult to perceive any forecasts, if in most cases they do not correspond to reality.  But in fact, according to statistics, halving brought very good results last time and therefore it is really better to buy Bitcoin now in anticipation of the next bitcoin halving.  In addition, cryptocurrency assets should improve in price because of their demand, since in crisis situations, cryptocurrency can become an asset for rescue.

when the market goes up, everyone says this is Bullish, and that will make FOMO, but must pay attention to indicators and experts make decisions, because the LONG and SHORT trade, makes the price of Bitcoin very difficult to predict

I like the optimism as well, he hasn't mentioned a certain price but I agree that if it will explode, it will hit a record high.. this is better than the prediction of some expert that believes bitcoin will hit $1 million this year, lol...

If it explodes will again caught the attention of investors who are uncertain on fiat right now, we will also witness again a new bull run which is result by a FOMO, then the best thing I expect to happen is the altcoins will be able to recover significantly.

Usually when its some hedge fund guy who says that so and so is going to go to new highs, do you really think he is looking out for your best interest? No. Most likely he bought long time ago and wants to basically create liquidity to get out.

Hence why you should never listen to any of these people. Same when bitcoin exchange CEOs give inputs on the future price of bitcoin. They should just stay out of it. Most likely nothing will happen to the point of exploding in price within 3 months unless somehow we hit a new ATH soon. Then the retail market will make us explode. However the halving which is generally bullish won't make us explode into 6 figures. We might retain the $10K area at least.

I think it takes a year or two year for Bitcoin to explode, in this zone it is an accumulation zone, and it takes a long time for that to be finished,
the whales wants to buy Bitcoin at cheap prices, remember that

blockchain is really the technology of the future, and I don’t have any doubts that Bitcoin will have very great prospects in the future.  and I am sure of the correctness of the words of Dan Morehead, which states that Bitcoin will destroy a lot of industries in the future and will instead perform the functions of cross-border transfers, electronic payments and other services that are used by the business and each person individually.  but an important factor in his statement is the fact that the digital Chinese yuan will rise to the level with Bitcoin and that there will be only 10 or 15 cryptocurrencies that will really be in demand in society before that time.

Theres no precise or significant time on when Bitcoin gonna explode.Well we do able to see or based up on the history then we can surely tell but doesnt
mean that it would reflect on what would happen into the future but somewhat we do make presumptions which is usual into this kind of market
and lets see on what would happen next.

1-5 crypto would be preferable and we dont really need thousands of them yet they do do still the same concept or in short where most coins or projects
now are using the same platform.Im optimistic towards crypto and blockchain tech but its still hard to believe when we do talk about replacing those traditional
things which is almost impossible.

We do not know the future of Bitcoin, and Halving is very close this year. I think we are sure there will be a rally this year but it will not be so strong because the market is suffering from the disease. And I also agree that whales are trying to buy things at low prices, which is why in March the price of bitcoin went down to $ 3,500.

I'm sure after the Bitcoin halving it just need a more months to see the bull market basing on the previous halving it doesn't take two more years before it exploded. Maybe we haven't seen the bottom yet but once the bottom reached then that is most likely the start of bullish market. We will just have to wait and see what would be the possible bottom then that would be the time to accumulate as much as we can until the bull run starts.

We've been at steady price of $7000 and still never hit $8000 yet. And just like what he said, it takes time for bitcoin to exclusively pump. But anything is possible in cryptocurrency. It always surprise us with the massive increase. We still have a chance and hoping that halving will be a good reason for this bitcoin to bull run again.
If it's a few months from now, we are just waiting for that to happen. Let's be optimistic, it is always the bear taking place in the market.

We finally hit 9k+ and that is a huge improvement right now. In three to nine months is actually a solid advice because bitcoin may or may not go down anytime soon but in the long run after the halving there will be a lot less money in the order books being sold, that will make a huge change for all of us but not right away, so I assume eventually we will get an increase, will it be in 3-9 months? I wouldn't know, I am not an expert, however I know it will take some time. Maybe it will be that quick, maybe it will take a year, maybe two, but eventually we will go very high compared to today because of it.

Let's hope that ceo is right and it will go up very soon instead of waiting years before it can be 2x of what it is today, I really don't want to see it idle too much.