Venture Capital Firm Pantera Predicts a Six-Digit Bitcoin Price After the Next Halving
Pantera Capital, a venture capital firm specializing in cryptocurrency assets and blockchain technology, predicts that the price of Bitcoin will surpass six digits after the next halving event. The halving, scheduled to occur in 245 days, will reduce the block reward for miners by half. Pantera expects the price of Bitcoin to rise to $35,448 per coin before the halving and then jump 317% to reach a six-digit value.
- The previous halving in 2020 reduced the supply of new bitcoins by 43% and had a 23% impact on price.
- Pantera utilized the S2F price model to project future pricing trends, which considers Bitcoin’s scarcity and overall stock.
- Several other forecasts also predict significant price increases following the halving, with estimates ranging from $120,000 to $400,000.
- Pantera’s CEO believes that the crypto rally can start now, emphasizing that markets can only endure downward trends for so long.
Hot Take
While Pantera’s prediction of a six-digit Bitcoin price after the next halving may seem optimistic, it aligns with other forecasts and the belief that as Bitcoin becomes scarcer, its value will continue to appreciate. The upcoming halving event presents an opportunity for investors and crypto enthusiasts to potentially profit from the anticipated price increase. However, it’s important to approach these predictions with caution, as past models have been met with skepticism and failed to accurately predict Bitcoin’s value.
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