Pantera Capital: It's easy to imagine that by 2025, the price of BTC will reach $117,000

Bitget App

Trade smarter

Bitget2024/05/09 03:28

On May 9th, renowned crypto VC Pantera Capital released a letter to investors for May on its official website. In the letter, Pantera Capital stated that based on changes in Bitcoin's stock-to-flow ratio during each halving period, it predicts that Bitcoin will bottom out at $17,000 in November 2022 and rebound after the halving. Based on previous average rebound durations, they predict that Bitcoin will reach a peak of $117,000 in August 2025. After comparing previous predictions with actual performance before and after Bitcoin's halving, Pantera Capital expressed that it is easy to imagine Bitcoin reaching $117,000 by 2025.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

CryptoQuant: Whales have deposited approximately $7.5 billion worth of BTC to a certain exchange in the past month

AIsa's cumulative transaction count on the x402 network has surpassed 10.5 million, making it the largest transaction contributor in the x402 ecosystem.