According to Bitcoinist, the CEO of the encryption investment company and hedge fund Pantera Capital said in a blog post that the price of bitcoin may reach $42,000 by the end of this year. On July 23, Dan Morehead said the company will stick to its credible bitcoin price analysis to determine future performance. He believes that if the historical compound annual growth rate of Bitcoin continues, the price in 2021 may reach 356,000 US dollars. "Bitcoin reached $42,000 at the end of 2019. I know this sounds crazy, but in fact we have already returned to half. It is on the trend line, I think it is very likely that by the end of this year, we will reach this level. Then, if you push this line for another year, it will become $122,000 per bitcoin, and in a year it will become $356,000."