Bitcoin Poised for Continued Growth While Stocks Face Risk of Significant Decline, Predicts Pantera Capital CEO
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Bitcoin posted strong gains in October, but stocks face risk of significant contraction according to forecasts.
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Pantera Capital CEO Dan Morehead predicts Bitcoin could easily double annually, while stocks may see 40%+ meltdown.
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Morehead says stocks are overvalued compared to historical price-earnings ratios and interest rates.
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Bitcoin has averaged 145% annual growth over 14 years, and Morehead expects it to re-assert this trend.
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Some predict Bitcoin could see major pre-halving price retracement around March 2023, before rebound.
