Golden Finance reports that Dan Morehead, CEO of Pantera Capital, predicts that the next bull market cycle for cryptocurrencies will peak in 2025. In the Bankless podcast, he elaborated on the basis for this prediction: Bitcoin follows a four-year halving cycle, and the halving of miner rewards leads to a decrease in supply. Historically, the price of Bitcoin has significantly increased around these events. The last halving occurred in April 2024, and Morehead predicts that Bitcoin will reach its cycle peak in August 2025 based on historical trends. He emphasized that despite the current market conditions being relatively mild, 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 because political and macroeconomic factors align with the development of cryptocurrencies.' He predicts that Bitcoin will reach a price of $117,000 at its peak, which is 18% higher than the current price. He further noted that historical data shows the impact of halving events usually begins to manifest around 400 days prior, with the peak occurring approximately 480 days later. Looking back to 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 in August 2025.

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