White House Backs Crypto—So Why Isn’t Bitcoin Soaring? Insiders Reveal the Truth

Dan Morehead claims Bitcoin should top $126K if pro-crypto policies fully impact current pricing, citing regulatory shifts. Charles Edwards hints Fed’s monetary easing could reignite risk appetite, potentially boosting crypto markets. Dan Morehead, CEO of Pantera Capital, a firm active in digital asset markets since 2013, recently argued that Bitcoin’s current price does not reflect recent political and regulatory shifts. In a public statement, he suggested Bitcoin should trade above $120,000—potentially exceeding $126,000—if market prices accounted for these changes. His assessment contrasts with Bitcoin’s 24% rise since the last U.S. presidential election, a figure he considers low given the context. If a few days before the U.S. Presidential election – with bitcoin at $69,000 – a sorcerer showed you a crystal ball and in it you knew for a fact that… – The pro-crypto candidate wins the presidency– Red House and Senate– 54 anti-crypto Members of Congress losing their seats… — Dan Morehead (@dan_pantera) April 2, 2025 Morehead outlined hypothetical events that, in his view, should have accelerated Bitcoin’s growth: a pro-digital asset candidate winning the presidency, a Congress favoring crypto policies, over 50 lawmakers opposing crypto losing seats, and executive orders supporting Bitcoin reserves and digital asset stockpiles. He also noted the dismissal of regulatory actions against blockchain firms and a White House summit inviting industry input. “If these events occurred within ten weeks,” he wrote, “Bitcoin’s price would rise more sharply.” Pantera’s Bitcoin Fund has averaged 83% annual growth over twelve years. Applying this trend, Morehead calculates Bitcoin could exceed $126,000. Current prices, however, remain below $70,000. He attributes the gap to delayed market reactions, arguing investors have not yet priced in favorable policy shifts. Recent market trends complicate this outlook. Bitcoin dropped over 7% after former President Donald Trump proposed reciprocal tariffs, underscoring how geopolitical moves can offset positive forecasts. Arthur Hayes, founder of BitMEX, warned traders of near-term volatility, identifying $76,500 as a key support level. He suggested stability above this price through mid-April could signal recovery. “If Bitcoin holds $76,500 by tax day, the worst might be over” Hayes stated. Charles Edwards, CEO of Capriole Investments, added another layer, speculating that Federal Reserve policies might influence Bitcoin’s trajectory. He compared current economic expectations to prior periods of monetary expansion, which often boosted risk assets like Bitcoin. “If tariffs escalate,” Edwards noted, “the Fed could intervene, potentially reigniting demand for digital assets.” These diverging views highlight ongoing debates about Bitcoin’s valuation. While Morehead emphasizes regulatory tailwinds, external factors—from trade policies to central bank actio in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “Dan Morehead claims Bitcoin should top $126K if pro-crypto policies fully impact current pricing, citing regulatory shifts. Charles Edwards hints Fed’s monetary easing could reignite risk appetite, potentially boosting crypto markets. Dan Morehead, CEO of Pantera Capital, a firm active in digital asset markets since 2013, recently argued that Bitcoin’s current price does not reflect recent political and regulatory shifts. In a public statement, he suggested Bitcoin should trade above $120,000—potentially exceeding $126,000—if market prices accounted for these changes. His assessment contrasts with Bitcoin’s 24% rise since the last U.S. presidential election, a figure he considers low given the context. If a few days before the U.S. Presidential election – with bitcoin at $69,000 – a sorcerer showed you a crystal ball and in it you knew for a fact that… – The pro-crypto candidate wins the presidency– Red House and Senate– 54 anti-crypto Members of Congress losing their seats… — Dan Morehead (@dan_pantera) April 2, 2025 Morehead outlined hypothetical events that, in his view, should have accelerated Bitcoin’s growth: a pro-digital asset candidate winning the presidency, a Congress favoring crypto policies, over 50 lawmakers opposing crypto losing seats, and executive orders supporting Bitcoin reserves and digital asset stockpiles. He also noted the dismissal of regulatory actions against blockchain firms and a White House summit inviting industry input. “If these events occurred within ten weeks,” he wrote, “Bitcoin’s price would rise more sharply.” Pantera’s Bitcoin Fund has averaged 83% annual growth over twelve years. Applying this trend, Morehead calculates Bitcoin could exceed $126,000. Current prices, however, remain below $70,000. He attributes the gap to delayed market reactions, arguing investors have not yet priced in favorable policy shifts. Recent market trends complicate this outlook. Bitcoin dropped over 7% after former President Donald Trump proposed reciprocal tariffs, underscoring how geopolitical moves can offset positive forecasts. Arthur Hayes, founder of BitMEX, warned traders of near-term volatility, identifying $76,500 as a key support level. He suggested stability above this price through mid-April could signal recovery. “If Bitcoin holds $76,500 by tax day, the worst might be over” Hayes stated. Charles Edwards, CEO of Capriole Investments, added another layer, speculating that Federal Reserve policies might influence Bitcoin’s trajectory. He compared current economic expectations to prior periods of monetary expansion, which often boosted risk assets like Bitcoin. “If tariffs escalate,” Edwards noted, “the Fed could intervene, potentially reigniting demand for digital assets.” These diverging views highlight ongoing debates about Bitcoin’s valuation. While Morehead emphasizes regulatory tailwinds, external factors—from trade policies to central bank actio” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.