Bitcoin’s halving in April will fuel a surge in Bitcoin’s price to $148,000 in 2025, says one of the world’s biggest crypto hedge funds.<\/p>\n
“Bitcoin has historically bottomed 477 days prior to the halving, climbed leading into it, and then exploded to the upside afterward,” said Pantera Capital in an Aug. 22 note.<\/a><\/p>\n Following this historical trend, Pantera predicts that Bitcoin<\/a> will trade at $35,500 by the time the halving takes place next year and surge again after that to reach a new all-time high of $148,0000 in 2025.<\/p>\n The Bitcoin Halving<\/a> is an event that takes place every 4 years, when the reward given to Bitcoin miners as payment for successfully solving and committing a block is reduced by half. The next halving is expected to occur on April 20 next year.<\/p>\n The mechanism was put in place by Satoshi Nakamoto, the creator of Bitcoin, to control the distribution of the assets in the market and create scarcity to help the token maintain and even increase in value.<\/p>\n Pantera: The next halving is expected to occur on April 20, 2024. If history were to repeat itself, the next halving would see bitcoin rising to $35k before the halving and $148k after. <\/p>\n The XRP ruling and endorsements by BlackRock et al. – in addition to the Bitcoin Halving…<\/p>\n — Wu Blockchain (@WuBlockchain) August 24, 2023<\/a><\/p><\/blockquote>\n\n