The famous #kripto investment company Pantera Capital made an evaluation today regarding the Bitcoin price and halving process. According to the company, Bitcoin will experience price increases after the halving. It will also be possible for Bitcoin to reach 6-digit values. Let's look at the reviews of the crypto investment company.
Bitcoin Halving is an Important Turning Point
Pantera Capital gets into the topic by quoting Warren Buffett. According to Efficient Markets Theory, if we all know something will happen, then it must be priced. Warren Buffet, who reshaped this classical finance dogma, argues that markets are almost always efficient, while making the fine line felt and says: "But the difference between almost and always is $80 billion for me." So even if we think everyone knows something, that doesn't mean there isn't tons of money to be made.
This saying by Warren Buffet emphasizes the difficulty of understanding market dynamics and sometimes the need for a vision beyond prediction. Especially in the crypto market, these dynamics can change quite quickly with the influence of new technologies and trends. In this context, important events such as Bitcoin's halving stand out as one of the critical turning points that can affect the perception and price in the market.
According to Pantera Capital, in recent years, it has been observed that the price of Bitcoin increased before its halving. This may cause the price to move upwards as demand increases. Currently, if the demand for new Bitcoins remains constant and the supply of new Bitcoins is halved, this could push the price up. Past experience shows that such pre-halving expectations increase the price.
Bitcoin Could See $148,000
According to the crypto investment company, analysis based on historical data shows that Bitcoin's halving events cause large price movements. In a Blockchain analysis conducted by the company in November 2022, it was stated that the effect of halving events on the price was examined through the change in the stock-to-flow ratio, and it is predicted that the price of Bitcoin may increase significantly in the coming years.
Pantera Capital estimates that Bitcoin may be just above $35,000 before the next halving in April 2024, noting that Bitcoin is even above this level now. According to Pantera Capital, the peak of the rally for Bitcoin after the halving will be in August 2025, at approximately $ 148,000. However, the constantly changing nature of the market and external factors may affect the likelihood of these predictions coming true.
Currently, Bitcoin's current price is hovering 60% above the predicted level on the halving date. This shows how unexpected market fluctuations and investors' price expectations can change.
