Pantera Capital: It's easy to imagine that by 2025, the price of BTC will reach $117,000
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.
You may also like
Decentralized prediction platform OracleX will launch its global public beta on December 1.
Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC purchase
Large token unlocks for SUI, ENA, SANTOS, and others scheduled for next week
November was the second worst month for Bitcoin this year, with spot ETF recording a $3.48 billion outflow.
Trending news
MoreCrypto prices
More
