BlockBeats news, on December 26, Dan Morehead, CEO of hedge fund and venture capital firm Pantera Capital, stated that Bitcoin's price trend consistently follows a four-year halving cycle. During Bitcoin halving events, miners' rewards are halved, leading to a reduction in supply. Historically, Bitcoin's price usually experiences significant increases before and after these events, with the most recent halving occurring in April 2024.
Based on historical trends, Morehead predicts that Bitcoin's price will peak in August 2025 during this cycle. He noted that although current market conditions are relatively mild compared to previous cycles, this upcoming rally still holds promising prospects. (Cryptodnes)
