Pantera Capital Predicts Bitcoin Will Reach Six Figures in 2025
Digital assets-focused investment firm Pantera Capital believes that Bitcoin will experience a parabolic bull run after the halving event in 2024. The firm predicts that Bitcoin will increase by more than 466%, reaching a six-figure value for the first time in its history by mid-2025. Pantera Capital bases its prediction on historical data, noting that Bitcoin has historically bottomed out before the halving, increased leading up to it, and then skyrocketed afterward. The firm expects Bitcoin to hit $147,843 around August 13, 2025, and to reach $35,000 leading into the halving event.
Key Points:
– Bitcoin is expected to increase by over 466% after the 2024 halving event.
– Based on historical data, Bitcoin should have reached its lowest point in December 2022.
– Pantera Capital predicts that Bitcoin will hit $147,843 by August 2025.
– Bitcoin is expected to reach $35,000 leading into the halving event.
– The next halving is expected to occur on April 20, 2024.
Pantera Capital made a similar prediction last year and continues to maintain its belief in Bitcoin’s potential for significant growth. At the time of writing, Bitcoin is trading at $26,102, down 0.1% in the last 24 hours.
Hot Take
Pantera Capital’s prediction of Bitcoin reaching six figures by 2025 aligns with the overall bullish sentiment surrounding the cryptocurrency. While past performance does not guarantee future results, the historical data and patterns suggest that Bitcoin has the potential for substantial growth in the coming years. Investors and crypto enthusiasts should closely monitor the market and consider the potential opportunities presented by Bitcoin’s halving events.
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