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24h Vol
11975
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Bitcoin Share
BitcoinSistemi 2024-12-27 08:05:06

Pantera Founder Reveals His Bullish Prediction for Bitcoin and Cryptocurrencies

Pantera Founder Reveals His Bullish Prediction for Bitcoin and Cryptocurrencies

Dan Morehead, founder and managing director of Pantera Capital, a cryptocurrency hedge fund, predicts a significant Bitcoin bull market in 2025 due to the Bitcoin halving and favorable macroeconomic conditions. Morehead, who has been investing in Bitcoin since 2013 when it was just $65, expressed his belief in the four-year Bitcoin cycle in a recent interview. Morehead argues that the Bitcoin halving, a pre-programmed event that slows down the rate at which new Bitcoins are created, is the primary driver of these cycles. He compares the halving to the closure of half of the world’s copper mines, an event that would undoubtedly cause copper prices to rise. He notes that miners typically sell off their Bitcoin holdings to cover operating costs, and the halving effectively squeezes supply while demand remains constant, sending prices soaring. Related News: Company CEO Talks About Bitcoin: “People Want to Hold More Bitcoin, Not Less” While Morehead acknowledges that the impact of each halving diminishes over time, it remains important in the current market. He cited Pantera Capital’s accurate predictions for previous halving cycles, including an accurate prediction for Bitcoin’s price on August 15, 2020. Based on its data, Pantera predicts that the low point of the current cycle occurred approximately 400 days before the most recent halving (April 19, 2024), with the peak occurring approximately 480 days later, around August 2025. Morehead also touched on the interaction between macroeconomic factors and Bitcoin. He expressed skepticism about the Fed’s ability to lower interest rates, citing a growing economy, low unemployment, and high wage inflation. He believes current interest rates are appropriate given the economic climate. He also voiced concerns about the US’s $2 trillion budget deficit, even in times of economic prosperity, hinting at potential future economic challenges. While he did not explicitly link this to a positive Bitcoin outlook, he did imply that these macroeconomic conditions create a favorable environment for cryptocurrencies. *This is not investment advice. Continue Reading: Pantera Founder Reveals His Bullish Prediction for Bitcoin and Cryptocurrencies

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