The basis for Pantera Capital’s bold projection is Bitcoin’s halving cycle, which occurs approximately every four years.
Summary
- Pantera Capital predicts that Bitcoin’s price could surge to $148,000 by July 2025.
- The firm bases its prediction on the halving cycle, which occurs roughly every four years.
- Bitcoin’s price has historically bottomed 477 days prior to the halving and then rallied to a new all-time high in the following 480 days.
- Pantera Capital believes that the next halving will occur in April 2024 and that Bitcoin’s price will reach $35,000 by then.
In a bold projection, leading institutional asset manager Pantera Capital has predicted that Bitcoin’s price could surge to a staggering $148,000 by July 2025, riding the wave of its impending halving cycle.
Pantera Capital’s recent “Blockchain Letter,” published on August 22, reiterated the firm’s bullish stance on Bitcoin’s price trajectory for the years beyond 2024.
The firm highlights the significance of Bitcoin’s halving cycles in determining its price performance. With the next halving slated to occur within the next twelve…