Pantera Capital CEO predicts that the Bitcoin bull market cycle will peak in August 2025
PANews December 26 news, according to Cryptodnes, Pantera Capital CEO Dan Morehead predicts that the next bull market cycle in the cryptocurrency market will peak in 2025. In the Bankless podcast, he elaborated on the basis of this prediction: Bitcoin follows a halving cycle that occurs every four years, and the halving of miner rewards leads to a decrease in supply. Historically, the price of Bitcoin has surged significantly before and after these events. The last halving occurred in April 2024, and Morehead predicts, based on historical trends, that Bitcoin will reach its cycle peak in August 2025.
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 pointed out that historical data shows the effects of halving events typically begin to manifest about 400 days in advance, with the peak 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 in August 2025.
