@FireOnNoiseApp 17 March 2021 more from that month

Bitcoin is now ahead of our April 2020 forecast schedule - to hit $ 115K this summer, ”Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, wrote in an email newsletter. Pantera's predictions are based on a stock-to-flow model - an analytical framework that assesses the price of an asset based on its annual issue schedule. This model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain design when it was launched 12 years ago. Under the plan, the number of new bitcoins created with each new block of data every 10 minutes or so is halved roughly every four years. In theory, according to the stock-to-flow model, the price of bitcoin will increase as the issuance rate decreases. Morehead's prediction was influential in part because of his previous Wall Street experience: Prior to founding Pantera in 2003, he was head of macro trading for the hedge fund Tiger Management, and previously worked as a trader at Deutsche Bank and Goldman Sachs. #CryptoTrading