Bitcoin To Hit $750,000 By 2030 With ETH And SOL As Survivors, Says Pantera CEO

Pantera Capital founder and CEO Dan Morehead informed CNBC that Bitcoin may climb to $750,000 inside 4 to 5 years, arguing the asset nonetheless represents solely a “very low single-digit proportion of worldwide wealth” and has traditionally “roughly doubled yearly” throughout the agency’s 12 years in crypto. Morehead coupled the worth name with a stark consolidation thesis: solely a single-digit variety 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 operate of its penetration into international portfolios slightly than a speculative cycle. “I believe it may go as much as $750,000 within the subsequent 4 or 5 years,” he mentioned, reiterating that whereas a $1 million deal with could also be conceivable, it’s a longer-dated prospect. The forecast extends a through-cycle view Pantera has pushed since launching what it describes as the primary institutional bitcoin fund in 2013.

The Pantera chief additionally dismissed “winner-take-all” narratives in smart-contract platforms, however he narrowed the sector decisively. “There’s a single-digit variety of layer ones… issues like Bitcoin, Ethereum, Solana—not hundreds, however undoubtedly not one,” he mentioned. In his view, these chains map to distinct use instances: “Bitcoin’s digital gold,” Ethereum anchors programmability, and Solana is “superb on the efficiency blockchain.”

Morehead underscored Solana’s technical and market momentum to elucidate why it belongs alongside Bitcoin and Ethereum within the long-run cohort. “Solana’s had higher efficiency than even Bitcoin over the past 4 years,” he famous, including that the community “may do 9 billion transactions a day,” a throughput he argued exceeds exercise throughout conventional capital markets.

While the precise comparative framing is debatable, the road displays Pantera’s view that Solana’s execution capability—mixed with low charges—has crossed a threshold the place “it’s not apparent you want a subsequent factor” for high-speed on-chain finance.

The interview doubled as a showcase for a brand new public-markets car providing direct, unlevered publicity to SOL whereas capturing native staking yield for fairness buyers. Morehead forged the “digital asset treasury” construction as a bridge product in an period when large-cap crypto ETFs stay erratically accessible.

“Right now there’s no [spot US] ETF [for Solana]. It’s very tough to get… For individuals with a brokerage account, that is the simplest solution to get entry,” he mentioned, describing staking as “cumbersome” for typical retail customers and positioning the listed car to automate validator choice and reward seize.

Pantera’s push suits a broader 2025 sample: public corporations elevating capital to carry programmatic positions in main cryptoassets—typically with staking overlays—after which itemizing on Nasdaq as fairness proxies for tokens with out spot ETFs.

Just hours earlier than Morehead’s look, Helius Medical Technologies introduced an oversubscribed $500 million financing led by Pantera and Summer Capital to launch a Solana-backed treasury technique, with a further $750 million in warrants that might raise the car’s dimension to roughly $1.25 billion. Helius mentioned it could discover staking and conservative on-chain yield alternatives round its SOL reserves.

Asked to arbitrate Ethereum versus Solana, Morehead prevented a binary name, returning to the identical consolidation arc: a number of large-cap winners, however far fewer than the hundreds of L1s launched over the past cycle.

The market’s job now, he implied, is to cost sturdy differentiation: Bitcoin as pristine collateral and macro hedge; Ethereum because the generalized settlement and execution layer for tokenized property and DeFi; Solana as a high-throughput venue for consumer-scale and market-microstructure-intensive purposes. “There can be a number of blockchains which might be vital,” he mentioned, “however undoubtedly not one.”

At press time, Bitcoin traded at $115,319.