Pantera Capital: It's easy to imagine that by 2025, the price of BTC will reach $117,000
On May 9th, renowned crypto VC Pantera Capital released a letter to investors for May on its official website. In the letter, Pantera Capital stated that based on changes in Bitcoin's stock-to-flow ratio during each halving period, it predicts that Bitcoin will bottom out at $17,000 in November 2022 and rebound after the halving. Based on previous average rebound durations, they predict that Bitcoin will reach a peak of $117,000 in August 2025. After comparing previous predictions with actual performance before and after Bitcoin's halving, Pantera Capital expressed that it is easy to imagine Bitcoin reaching $117,000 by 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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