PANews reported on December 26, according to Cryptodnes, that Dan Morehead, CEO of Pantera Capital, predicts the next bull market cycle in the cryptocurrency market will peak in 2025. In the Bankless podcast, he elaborated on the basis for this prediction: Bitcoin follows a four-year halving cycle, where the halving of miner rewards leads to a reduced supply. Historically, Bitcoin's price has significantly increased both before and after these events. The last halving occurred in April 2024, and Morehead predicts that Bitcoin will reach its cyclical peak in August 2025 based on historical trends.
He emphasized that, despite the relatively mild current market conditions, the upcoming upward trend is still worth looking forward to. Morehead stated, "The outlook for 2025 is very optimistic, not only because of the halving event but also due to the alignment of political and macroeconomic factors with the development of cryptocurrencies." He predicts that Bitcoin will peak at a price of $117,000, which is 18% higher than the current price. He further pointed out that historical data shows the impact of halving events typically begins to manifest 400 days prior, with peaks occurring approximately 480 days later.
Looking back at 2022, when Bitcoin was trading at $17,000, Pantera Capital accurately predicted that it would reach $28,000 before the halving event. Now, Morehead is confident in his prediction that Bitcoin will reach $117,000 by August 2025.
