Pantera Capital’s CEO, Dan Morehead, is betting big on a crypto market boom, predicting its peak in 2025. He bases this prediction on Bitcoin’s historical performance around its four-year halving events.
The Halving Cycle and Bitcoin’s Price
Bitcoin’s halving, which cuts miners’ rewards in half, has historically been followed by price increases. Morehead points to past patterns, suggesting a peak around seven months after the last halving, which occurred in April. He’s sticking to his forecast despite acknowledging that previous cycles were larger.
Morehead’s Prediction: $117,000 Bitcoin
Morehead predicts Bitcoin will reach a peak price of $117,000 in August 2025. This is based on his firm’s data showing consistent patterns around halving events: a market low about 400 days before the halving and a high about 480 days after. He highlights a previous successful prediction using this model.
Macro Factors Favor Crypto
Morehead isn’t just relying on historical halving cycles. He believes current political and macroeconomic conditions also point towards a positive outlook for crypto in 2025. This makes him particularly bullish about the coming year.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before making any investment decisions.
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