Bold Prediction Alert: Hedge Fund Anticipates Bitcoin Halving Could Propel BTC Price to Staggering $150,000 Height! đđ
1) Pantera Capital predicts Bitcoin to hit $150,000 post next halving in mid-2024.
2) Bitcoin's price strongly affected by its halving cycles; Pantera expects history to repeat.
3) Typical pattern: BTC bottoms 477 days pre-halving, rises post-halving, then skyrockets.
4) FTX collapse and Bitcoin's fall could have shifted 477-day timeline by about a month.
5) BTC currently around 8% lower than Pantera's $35,000 re-halving estimate.
Once dismissed as virtually worthless and even labeled a fraudulent scheme, Bitcoin's astonishing journey has catapulted it into the echelons of substantial financial assets, boasting a colossal market cap of $512 billion. Surpassing traditional benchmarks and established financial instruments in terms of market dominance, Bitcoin's meteoric rise since its inception in 2009 has also catalyzed the emergence of numerous crypto-linked financial products.
However, the saga of Bitcoin might just be in its early chapters.
In a recent revelation from Pantera Capital, a hedge fund managing assets worth $4.8 billion, the trajectory of BTC appears far from its conclusion. The prognosis suggests that Bitcoin's ascension is far from over; in fact, it might be on the cusp of a new phase. The hedge fund's analysis posits that the impending halving event could potentially propel Bitcoin's value to $150,000, in turn, catapulting its market cap to a staggering $2.9 trillion. As the crypto landscape continues to evolve, Bitcoin's journey seems destined to chart uncharted territories.
Catch the whole article here: Â Â https://voiceofcrypto.online/news/bitcoin-halving-can-take-prices/