PANews reported on December 26, citing Cryptodnes, 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 halving cycle that occurs every four years, and the halving of miner rewards leads to a decrease in supply, historically resulting in significant price increases 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 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 because political and macroeconomic factors align with the development of cryptocurrencies.' He predicts that the price of Bitcoin at its peak will be $117,000, which is 18% higher than the current price. He further noted that historical data shows the impact of halving events typically begins to manifest about 400 days prior, with the peak occurring approximately 480 days later.
Looking back at 2022, when the trading price of Bitcoin was $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.
