These Altcoins are 100x and Bitcoin Could Hit New Tops!

Dan Morehead, CEO of Pantera Capital, made a new prediction for Bitcoin. Morehead, with his prediction, has announced the level the leading cryptocurrency will see by the end of 2025. Here are the details…

Morehead: Bitcoin could rise to $400,000

Pantera Capital CEO Dan Morehead says the price of the largest cryptocurrency, which traded at $41,673 at the time of writing, will rise to $400,000 by the end of 2025. According to crypto enthusiast and CEO Dan Morehead, the rise in Bitcoin price will be stable over the next 10 years. This will be facilitated especially by more active adoption of cryptocurrencies.

Morehead stated that in the next 5-10 years, every smartphone owner will use cryptocurrency to trade goods, services or cryptocurrencies. The global recognition of BTC will make the cryptocurrency even more attractive to institutional investors. According to Morehead, in addition to Bitcoin, many altcoins will also benefit. Especially those who own their own Blockchain – Solana states that coins like Ethereum could see a 90-100-fold price increase.

BTC mining difficulty reduced

Despite this, at the moment, Bitcoin’s position appears to have been significantly affected by the Ukrainian-Russian conflict. Many Bitcoin miners are forced to shut down their platforms due to sanctions or rising energy costs. The mining difficulty of a Bitcoin (BTC) block has dropped 0.35 percent on Thursday for the second time this month, after a steady climb since November. According to data from the Glassnode platform, mining difficulty dropped 1.5 percent on March 3.

More than 25 Signals Released!  New: This Is Bitcoin's Next Level!

The difficulty is automatically adjusted based on the computing power on the network, also known as the hashrate, to keep the time between each mined block relatively constant at 10 minutes. According to Glassnode data, the Bitcoin mining hashrate dropped from an all-time high of 248 exahash/second (EH/s) in February to 216 EH/s on March 17. cryptocoin.com As we have also reported, electricity prices are on the rise worldwide, as Russia, one of the world’s largest exporters of fossil fuels, has entered a war with Ukraine and global energy supply chains have been severed by sanctions.

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