Pantera Capital: It's easy to imagine BTC price reaching $117,000 in 2025
2024-05-09 03:21:57
On May 9, Pantera Capital, a well-known crypto VC, released a letter to investors in May on its official website. Pantera Capital said in the letter that according to the change of the stock-to-flow ratio of Bitcoin during each halving, it predicted that Bitcoin will bottom out when the bitcoin price is $17,000 in November 2022, and rise through the halving rally. Based on the previous rebound average duration forecast, Bitcoin will reach a high of $117,000 in August 2025. After comparing the previous forecast and the actual performance before and after the bitcoin halving, Pantera Capital said that it is easy to imagine that the bitcoin price will reach $117,000 in 2025.
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