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Bitcoin To ‘Highly Likely’ Break the $20K Mark By EOY 2018 Says Crypto Hedge Fund Pantera Capital – MarketBarker

Bitcoin To 'Highly Likely' Break the $20K Mark By EOY 2018 Says Crypto Hedge Fund Pantera Capital - MarketBarker

In their April newsletter Pantera Capital Management, a blockchain focused hedge fund, said that Bitcoin’s (BTC) price of $6,500 was the low point for the cryptocurrency. He continued that it was “highly likely” that BTC’s price will break $20,000 by EOY 2018. This was initially reported by The Wall Street Journal (WSJ) on Friday, April 13. In December 2017, the CEO of Pantera Capital, Dan Morehead, forecasted that Bitcoin’s value would drop by half before it would reach new highs. The first phase of this prediction has come true, as BTC plunged below $7000 earlier this year.

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