Bitcoin Halving Can Take BTC Price To $150,000: Top Hedge Fund Predicts
Pantera Capital predicts that Bitcoin will reach $150,000 after the next halving, which is expected to happen in mid-2024.
Bitcoin’s halving cycles have a significant impact on its price, and the company believes that past patterns will repeat themselves.
BTC has typically bottomed 477 days before a halving, risen shortly after, and then skyrocketed to the upside soon after.
The collapse of FTX and the Bitcoin decline that followed may have pushed the 477-day timeline by up to a month.
BTC is currently sitting about 8% below Pantera’s $35,000 re-halving estimate.
Bitcoin has now become one of the biggest and most popular financial assets, with a 512 billion dollar market cap.
Bitcoin has come a long way.