Pantera Capital Predicts Bitcoin to Skyrocket to $148,000 Post-2024 Halving

In a caller “Blockchain Letter” to investors, published connected August 22, Pantera Capital — a task superior steadfast headed by Dan Morehead — has projected that the terms of bitcoin (BTC) could soar to $147,843 per coin pursuing the 2024 halving. The steadfast employed the stock-to-flow (S2F) ratio arsenic a terms exemplary to measure and forecast aboriginal pricing trends crossed each halving event.

Venture Capital Firm Pantera Predicts a Six-Digit Bitcoin Price After the Next Halving

The adjacent Bitcoin web halving is slated to instrumentality spot successful 245 days and it has sparked galore predictions of a important terms summation post-event. Around April 24, 2024, the artifact reward for the web volition beryllium slashed by half, from the existent 6.25 BTC per artifact to 3.125 BTC per artifact aft the halving. Pantera Capital, which focuses connected cryptocurrency assets and blockchain exertion investments, anticipates BTC’s terms volition hover astir $35,448 per coin earlier jumping 317% into six-digit territory pursuing the halving.

“​​The 2020 halving reduced the proviso of caller bitcoins by 43% comparative to the erstwhile halving. It had a 23% arsenic large an interaction connected price,” Pantera said. “If past were to repetition itself, the adjacent halving would spot bitcoin rising to $35k earlier the halving and $148k after.”

Pantera explained that it utilized the S2F terms exemplary to facilitate the projection of pricing trends. The quantity theory-based exemplary considers bitcoin’s valuation against its scarcity by contrasting its wide banal (circulating supply) with its yearly accumulation travel (newly-created coins). It suggests that arsenic BTC’s issuance complaint diminishes done consecutive halvings, it becomes much scarce and hence progressively probable that its worth volition admit implicit time. Nevertheless, galore BTC proponents presumption this exemplary skeptically aft respective failed predictions successful the past 2 years.

Pantera’s post-halving terms outlook aligns with respective different forecasts that incorporated halving arsenic a origin contributing to BTC’s wide valuation. Fundstrat, successful an investor’s enactment published weeks ago, validated its expectation of a $180,000 BTC terms pursuing the halving. Similarly, Blockware Solutions speculated connected August 18, 2023, that bitcoin could perchance scope $400,000 post-halving. At year-end 2024, Matrixport estimated a BTC worth of $125,000, portion fiscal elephantine Standard Chartered projected $120,000 by the extremity of 2024.

Morehead expressed successful mid-July that markets tin endure downward trends and capitalist symptom lone to a definite extent. He emphasized that a full twelvemonth had transpired since the Terra Luna and SBF downturns and the Pantera CEO insisted that the crypto rally tin commencement now.

What bash you deliberation astir Pantera Capital’s post-halving bitcoin terms prediction? Share your thoughts and opinions astir this taxable successful the comments conception below.