Bitcoin has its manic bubbles and drawdowns, but when looking from a bird’s eye view, it has a steady exponential growth rate, Pantera Capital CEO Dan Morehead during a conference call on Tuesday. That same morning, bitcoin prices retreated below $30,000 for the first time in almost a month. In fact, the digital coin has fallen about 53% from its all-time highs of about $63,000 in April. In March, Morehead said bitcoin was on track to hit $115,000 by August 2021 while skeptics like Ray Dalio predicted a crash. Today, the cryptocurrency is well below that $115,000 prediction, but still many market participants aren’t ... (full story)