CoinDesk Podcast Network How Dan Morehead’s Pantera Capital Achieved an 86% Success Rate | Markets Outlook
Feb 5, 2026
Dan Morehead, founder and managing partner of Pantera Capital and an early U.S. crypto fund pioneer. He explains why he is more bullish now than in 2013. He revisits a precise Bitcoin prediction and outlines a path to a $750,000 target. He describes Pantera’s 86% investment success and predicts a major consolidation of Digital Asset Treasuries in the next 12–18 months.
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Invest For The Long-Term
- Only invest what you can afford to withstand severe drawdowns and hold for five to ten years.
- Dan Morehead advises viewing crypto as a multi-decade trade and to hold through volatility.
Freaky Accurate Bitcoin Prediction
- Pantera forecasted Bitcoin would peak at $117,452 on August 11, 2025 and it did that day.
- Dan Morehead recounts this "freaky" prediction and the subsequent market pause in September.
ETF And Treasury Buying Drove The Rally
- ETFs and digital asset treasury buying provided over $100 billion of net demand that drove the 2025 rally.
- That concentrated buying helped peak the market and then the rally stopped in September.