Pantera Capital CEO Dan Morehead has projected that Bitcoin will continue its upward trajectory until 2026. In a discussion with Raoul Pal, Morehead emphasized his firm's successful predictions of Bitcoin's past peaks, including the recent high of $118,542 on August 11, 2025. He also pointed to potential regulatory shifts in the U.S. as a catalyst for further price increases. Currently, Bitcoin is trading at $110,588, reflecting a modest rise over the last 24 hours.