PANews reported on December 26 that according to Cryptodnes, Dan Morehead, CEO of Pantera Capital, predicted that the next bull market cycle in the cryptocurrency market will peak in 2025. In the Bankless podcast, he elaborated on the basis of this prediction: Bitcoin follows a four-year halving cycle, and the halving of miner rewards leads to a reduction in supply. Historically, Bitcoin prices have risen sharply before and after these events. The last halving occurred in April 2024, and Morehead predicted that Bitcoin will reach its cycle peak in August 2025 based on historical trends.

He stressed that despite the relatively mild current market conditions, the upcoming upward trend is still worth looking forward to. "The outlook for 2025 is very optimistic, not only because of the halving event, but also because political and macroeconomic factors are in line with the development of cryptocurrencies," said Mohead. He predicted that the price of Bitcoin at its peak would be $117,000, 18% higher than the current price. He further pointed out that historical data shows that the impact of the halving event usually begins to appear 400 days in advance, and the peak occurs about 480 days later.

Back in 2022, when Bitcoin was trading at $17,000, Pantera Capital accurately predicted that it would reach $28,000 before the halving event. Today, Morehead is confident in his prediction of Bitcoin reaching $117,000 in August 2025.