Pantera CEO Counters Michael Saylor’s $13 Million Bitcoin Prediction With “Realistic” $745K Target

The debate about the Bitcoin price’s future is heating up in the cryptocurrency market. Adding their own two cents to the debate, two of the crypto industry’s most prominent figures have offered contrasting predictions. MicroStrategy co-founder Michael Saylor has assumed a bullish stance. He has predicted that Bitcoin could soar to a whopping $13 million per piece in the next twenty years. On the other hand, Pantera Capital CEO Dan Morehead has provided a more tempered forecast, claiming that the Bitcoin price could reach a “realistic” $745,000 by 2028. 

Saylor’s $13 Million Bitcoin Prediction: The Ultimate Store of Value

Michael Saylor, known to be the biggest Bitcoin maximalist, recently reiterated his prediction. At the Digital Asset Summit, he claimed that Bitcoin’s fixed supply of 21 million coins makes it a scarce commodity, unlike gold and oil. He believes gold and oil can be produced if demand surges. “I can stand here and say, I think Bitcoin’s gonna be $13 million in 20 years,” Saylor declared.

Pantera CEO Morehead Counters with $745K, Citing Institutional Adoption

Dan Morehead offers a more grounded perspective, though still bullish. In a November 2024 CNBC interview, he predicted Bitcoin could reach $745,000 by 2028, calling the cryptocurrency “officially at escape velocity.” Morehead dismissed his previous cautious stance that Bitcoin could go to zero, stating, “I don’t think it’s possible. Now, 50 million people in the US own and 300 million people globally, BlackRock and Fidelity are selling it like it.”

Pantera Capital CEO predicts #Bitcoin could reach $745,000, citing mass adoption, institutional support, and a potential $15T market cap. pic.twitter.com/4Iv8rLnwpN

— Roundtable Network (@RTB_io) April 18, 2025

Morehead highlighted the growing institutional embrace of Bitcoin, with major asset managers offering it to clients, and pointed out that a $745,000 price would push Bitcoin’s market cap to about $15 trillion, a fraction of the roughly $500 trillion in global financial assets. “That still seems small,” he said, referencing Saylor’s even loftier target.

While Saylor’s $13 million price tag captures imaginations, Morehead’s forecast reflects a more measured optimism grounded in current adoption trends and market realities. Both agree, however, that Bitcoin’s future is bright and that betting on it going to zero is no longer a sensible position. With these bullish predictions coming in, let’s take a look at the latest price action to form a short-term Bitcoin prediction.

Bitcoin Price Analysis

Bitcoin commenced trading at a price of $84,880 yesterday. In the initial hours, Bitcoin faced a downtrend, but then ascended rapidly to test the $85,100 resistance. However, it could not sustain the bullish trend, and a slow decline followed. This downturn led Bitcoin to establish a new support at $84,450. With the $84,750 resistance in place, Bitcoin went on to display range-bound behavior until 12:00 UTC. But Bitcoin failed to form any meaningful uptrend from that point. At 13:00 UTC, a death cross formed on the MACD, leading Bitcoin to abandon the support level.
Chart 1: published on TradingView, April 19, 2025

It eventually settled at a new support level of $84,350.  Bitcoin continued to work in a trading range, with the $84,750 resistance still in place. However, Bitcoin’s upward movements found resistance at the $84,650 mark, as it continues to consolidate in that narrow range. At 00:30 on April 19, a golden cross formed on the MACD, and Bitcoin started scaling the charts. The resistance was broken at 3:00 UTC as Bitcoin continued to ascend to $85,250. With the market now overbought, Bitcoin faced a correction. 

Bitcoin Price Prediction: Can Bitcoin Hold on Above $85K?

Bitcoin currently trades at $85,100. However, based on past performances, Bitcoin may relinquish its current support of $84,900 and look to stabilize under $ 85 K. With the coin in overbought conditions right now, a correction is bound to arrive. If Bitcoin can resist a dramatic fall, we may be in for a shot at $ 86 K. As of now, $745K sounds like a far cry, but given the worldwide interest Bitcoin has garnered, Morehead’s Bitcoin prediction is not too far-fetched either.