Pantera Capital: Bitcoin could hit $148,000 after halving
Pantera Capital, using stock-to-flow ratio as a tool, predicts a significant shift in Bitcoin (BTC) prices after halving in 2024. Pantera Capital, one of the leading crypto venture capitals, maintains a bullish outlook and expect BTC to reach $35,000 before halving before another leg up to $148,000 afterwards. The stock-to-flow ratio gauges a digital asset’s present supply in comparison to its new supply influx. This ratio measures an asset’s scarcity—higher values can hint possible price gains. At present, Bitcoin is trending at around the $26,500 mark. #Bitcoin recently experienced the longest period of negative year-over-year returns in its history, lasting 15 months. The longest period prior was just under a year. Our view is that we’ve seen enough – there’s just so long markets can be down. More: https://t.co/REfxkTp9CJ pic.twitter.com/UCEMMcznAM — Dan Morehead (@dan_pantera) August 23, 2023 Historical patterns show that halving events, which happens rou...