Pantera Capital founder and CEO Dan Morehead told CNBC that Bitcoin could climb to $750,000 within four to five years, arguing the asset still represents only a “very low single-digit percentage of global wealth” and has historically “roughly doubled every year” across the firm’s 12 years in crypto. Morehead coupled the price call with a stark consolidation thesis: only a single-digit number of base-layer blockchains will endure—led by Bitcoin, Ethereum, and Solana.

Why Bitcoin, Ethereum And Solana Will Succeed

Speaking on “ Squawk Box ,” Morehead framed Bitcoin’s upside as a function of its penetration into global portfolios rather than a speculative cycle. “I think it could go up to $750,000 in the next four or five years,” he said, reiterating that while a $1 million handle may be c

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