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CEO of Pantera Capital, Dan Morehead, made a bold Bitcoin and cryptocurrency projection on the Bankless podcast recently. Bitcoin’s four-year halving cycle may usher in the next major bull cycle that will peak by August 2025, according to Morehead.
In past cycles, however, Bitcoin’s halving event a reduction in the rate at which new coins are mined has typically sparked substantial price rallies. This scarcity-inducing mechanism may yet again spark a price surge, believes Morehead. He stated during the podcast:
The halving cycles have consistently aligned with significant price movements in Bitcoin, and I expect the same pattern to unfold.
Macroeconomic Factors Fueling Bitcoin’s Demand
Although the volatility has dropped since previous cycles, Dan Morehead says he sees growth potential ahead for BTC. Several factors are attributed by him as the reason for his optimism. Back when cryptocurrencies were in their infancy, they were all of a sudden booming, deposits were going in at high velocity and crypto was on its way to becoming a household name.
And governments everywhere are becoming more crypto-friendly, adopting more crypto-friendly policies and regulatory frameworks to support this internet proactively. On the macro scale, uncertainty in the world of global inflation and currency devaluation is piquing the interest of the decentralized, inflation-resistant asset BTC.
To give context to his predictions, Dan Morehead recalled key trends from previous BTC Bull Cycles. BTC’s price jumped to nearly $20,000 in 2017 on the back of retail investors and the mania around initial coin offerings (ICOs), only to suffer extreme volatility and a huge correction later that year.
By 2021, the world had changed, and institutional adoption was taking place in a major way. There have been corporate investments by companies such as Tesla and Million Strategy in BTC, Bitcoin has hit an all time high of $69,000, BTC is aided by the growth in popularity of DeFi, and the newest trend: non fungible tokens (NFTs).
Bitcoin’s 2025 Cycle: Growth with Reduced Volatility
In the next 2025 cycle, Morehead expects a more mature market that will show growth with less volatility. More and more, BTC’s growth trajectory is being influenced by both macroeconomic and political factors. BTC has become a safe place to do business in a world of global uncertainty, fueled by rising inflation and economic instability prevalent in many regions around the world.
Meanwhile, on the political side, endorsements by national governments, like El Salvador’s endorsement of BTC as legal tender, indicate there may be even more space for mass BTC uptake at a national level. While institutional involvement is still on the rise, leading financial institutions are setting up BTC-related products so that cryptocurrency becomes more accessible to retail and institutional investors.
Headed up Pantera Capital, one of the few investment firms designed to take on crypto and blockchain, Morehead has a reputation for being ahead of the market. His confidence that BTC is a resilient currency has only grown, and he says he has used years of experience to make his latest prediction.
Morehead’s forecast is in line with the history of Bitcoin’s halvings, which could result in a big BTC move in the 2025 cycle. Benevolently, the crypto community welcomes Morehead’s prediction in light of halving’s reliability, and regulation and economic change.
Conclusion
As a prediction from Dan Morehead, BTC’s resiliency and ability to become one of its earliest moves to the next era of its existence, that’s when a cryptocurrency looks, including institutional interest, a growing market, macroeconomic factors that are pulling demand towards it, and it’s the cry point of a sustainable business. The only problem is that there’s a good chance that 2025 is a very big deal in BTC’s history.
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FAQs
- What is Dan Morehead’s Bitcoin prediction?
Morehead predicts BTC’s next bull cycle will peak by August 2025, driven by its halving cycle. - What is Bitcoin’s halving?
BTC’s halving reduces the mining rate, creating scarcity, which historically leads to price increases. - What supports Morehead’s Bitcoin optimism?
Factors include a maturing market, institutional adoption, economic uncertainty, and growing political acceptance. - How did previous Bitcoin cycles unfold?
In 2017, BTC surged to $20,000, and in 2021, it reached $69,000, driven by institutional investments and DeFi.
