Pantera Capital predicts that BTC will reach $148,000 in August 2025

Pantera Capital pointed out in their article on February 20 that if the demand for new bitcoins remains stable and the supply of new bitcoins is halved, it will push up the price. Previously, people had also increased their demand for bitcoin in anticipation of a price increase.

They emphasized that halving is a big event, but its impact will take several years to manifest. In their blockchain briefing in November 2022, they analyzed the impact on prices by studying the change in stock-to-flow ratio at each halving. According to their model, during the halving in April 2024, the price of bitcoin will be slightly above $35,000. The peak rebound after halving will occur in August 2025 when bitcoin could reach $148,000.