Pantera Capital Predicts Bitcoin Prices to Soar After Halving in 2024
Pantera Capital, a prominent crypto venture capital firm, has used the stock-to-flow ratio to forecast a significant shift in Bitcoin prices following the halving event in 2024. Here are the key points from their predictions:
1. Bitcoin Price Outlook: Pantera Capital expects Bitcoin to reach $35,000 before the halving event in 2024, and then surge to an impressive $148,000 afterwards.
2. Stock-to-Flow Ratio: The stock-to-flow ratio measures a digital asset’s scarcity based on its current supply and new supply influx. Higher values indicate the potential for price gains.
3. Historical Patterns: Previous halving events, which occur approximately every four years, have been associated with price support for Bitcoin.
4. Supply Shock: After the 2024 halving, miner rewards will be slashed from 6.25 to 3.125 BTC, making the coin even scarcer and potentially further supporting prices.
In addition to the halving, Pantera Capital sees other bullish factors such as the recent XRP court ruling and BlackRock’s Bitcoin ETF application. They express optimism, anticipating a rally leading up to 2024, followed by a stronger surge post-halving.
Pantera Capital’s predictions align with their overall positive outlook for Bitcoin and its potential for significant price increases in the future.
Hot Take
Pantera Capital’s use of the stock-to-flow ratio to predict Bitcoin prices after the 2024 halving suggests that the scarcity of the coin will play a crucial role in driving up its value. Their optimistic outlook, combined with historical patterns and other positive factors, indicates that Bitcoin could experience substantial price gains in the coming years. As always, it’s essential to consider multiple perspectives and do thorough research before making any investment decisions.
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