Dan Morehead, the CEO and founder of Pantera Capital, operator of the Blockchain Investment Fund, says that bitcoin (BTC) is “ahead of” his firm’s forecast schedule to hit USD 115,000 this summer – meaning that the token could surge beyond the USD 100,000 mark in the next few months or even weeks.
One of the factors motivating the movement, he claimed, would likely be inflation, which he opined was already on the march in the United States, in spite of government figures.
He stated that the Federal Reserve’s Consumer Price Index (CPI) won’t show the true nature of inflation, opining in a recent newsletter to investors,
“When it comes to this lending, we are not going to run out of ammunition. That doesn’t happen.”
“It’s like Rambo,” quipped the Pantera supremo.
And he quoted Mark Twain’s famous financial advice: “Buy land – they’re not making it anymore,” adding that “land’ could now be easily substituted with “bitcoin.”
In a nod to the sentiment underlying the “money printer go brrrr” memes so popular last year, Morehead mused,