According to Cryptodnes, Dan Morehead, CEO of Pantera Capital, predicts that the next bull market cycle in the cryptocurrency market will peak in 2025. In the Bankless podcast, he elaborated on the basis of this prediction: Bitcoin follows a four-year halving cycle, where halving miner rewards leads to a decrease in supply, and historically, Bitcoin prices have risen significantly before and after these events. The last halving occurred in April 2024, and Mohead predicts based on historical trends that Bitcoin will reach its cyclical peak in August 2025. He emphasized that although the current market conditions are relatively mild, the upcoming upward trend is still worth looking forward to. Mohead said, "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 predicted that the price of Bitcoin at its peak would be $117000, 18% higher than the current price. He further pointed out that historical data shows that the impact of halving events usually begins to manifest 400 days ago, while the peak occurs approximately 480 days later. Looking back at 2022, when the Bitcoin trading price was $17000, Pantera Capital accurately predicted that it would reach $28000 before the halving event. Nowadays, Mohead is confident in his prediction that Bitcoin will reach $117000 by August 2025.
