Bitcoin Poised for Continued Growth While Stocks Face Risk of Significant Decline, Predicts Pantera Capital CEO

Bitcoin posted strong gains in October, but stocks face risk of significant contraction according to forecasts.

Pantera Capital CEO Dan Morehead predicts Bitcoin could easily double annually, while stocks may see 40%+ meltdown.

Morehead says stocks are overvalued compared to historical price-earnings ratios and interest rates.

Bitcoin has averaged 145% annual growth over 14 years, and Morehead expects it to re-assert this trend.

Some predict Bitcoin could see major pre-halving price retracement around March 2023, before rebound.