The CEO of digital asset-focused investment firm Pantera Capital predicts that the crypto market’s bull cycle will peak in 2025.
In a new interview on the Bankless podcast, Dan Morehead says Bitcoin (BTC) price patterns continue to be based on the four-year halving cycle.
During a Bitcoin halving event, miners’ block rewards are halved and, as a result, supply becomes scarce. Historically, the price of Bitcoin has increased before and after halving events. The last halving event took place in April.
Citing historical precedent, Morehead predicts that Bitcoin will reach a cycle peak in about seven months.
“August 2025 would be the peak. And man, everything is set up for that. We’ve been having this conversation every four years for 12 years [years]I know it sounds ridiculous to say this, but at least we always predict that the amplitude of previous halving cycles was much larger. This one is smaller, but I still think it’s pretty real. That’s just the halving, but everything politically and macroeconomically points to it being great for crypto too. So it’s hard not to be very optimistic about 2025.”
More head…
