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$115,588.00 -0.49707
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$4,643.41 0.52799
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BNB
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$928.77 0.90151
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$238.18 -1.12047
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Bitcoin
Bitcoin (BTC)
$115,588.00 -0.49707
Bitcoin price
Ethereum
Ethereum (ETH)
$4,643.41 0.52799
Ethereum price
BNB
BNB (BNB)
$928.77 0.90151
BNB price
Solana
Solana (SOL)
$238.18 -1.12047
Solana price
XRP
XRP (XRP)
$3.11 1.40536
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000141 3.89442
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 3.66917
Pepe price
Bonk
Bonk (BONK)
$0.0000259 0.96348
Bonk price
dogwifhat
dogwifhat (WIF)
$0.962505 1.7451
dogwifhat price
Popcat
Popcat (POPCAT)
$0.292235 2.37722
Popcat price
Bitcoin
Bitcoin (BTC)
$115,588.00 -0.49707
Bitcoin price
Ethereum
Ethereum (ETH)
$4,643.41 0.52799
Ethereum price
BNB
BNB (BNB)
$928.77 0.90151
BNB price
Solana
Solana (SOL)
$238.18 -1.12047
Solana price
XRP
XRP (XRP)
$3.11 1.40536
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000141 3.89442
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 3.66917
Pepe price
Bonk
Bonk (BONK)
$0.0000259 0.96348
Bonk price
dogwifhat
dogwifhat (WIF)
$0.962505 1.7451
dogwifhat price
Popcat
Popcat (POPCAT)
$0.292235 2.37722
Popcat price
Bitcoin
Bitcoin (BTC)
$115,588.00 -0.49707
Bitcoin price
Ethereum
Ethereum (ETH)
$4,643.41 0.52799
Ethereum price
BNB
BNB (BNB)
$928.77 0.90151
BNB price
Solana
Solana (SOL)
$238.18 -1.12047
Solana price
XRP
XRP (XRP)
$3.11 1.40536
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000141 3.89442
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 3.66917
Pepe price
Bonk
Bonk (BONK)
$0.0000259 0.96348
Bonk price
dogwifhat
dogwifhat (WIF)
$0.962505 1.7451
dogwifhat price
Popcat
Popcat (POPCAT)
$0.292235 2.37722
Popcat price

Pantera Capital: Bitcoin could hit $148,000 after halving

Dalmas Ngetich
Edited by
News
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.

Historical patterns show that halving events, which happens roughly every four years, tend to support prices.

Next year, miner rewards will fall from 6.25 to 3.125 BTC, a supply shock that makes the coin scarcer, potentially supporting prices.

Delving into past data, Pantera Capital stated:

“In 20,000, the halving event cut the introduction of new bitcoins by 43% compared to its predecessor, leading to a 23% price impact. With the 2024 halving set for April 20, and given that a majority of Bitcoin have been mined, each subsequent halving will nearly halve the new supply introduction. Following historical patterns, the forthcoming halving could propel Bitcoin to values of $35,000 pre-halving and a whopping $148,000 post-halving.”

Besides halving, the venture capital also noted that recent developments such as the XRP court ruling and BlackRock’s Bitcoin spot exchange-traded fund (ETF) application are bullish tailwinds.

Pantera Capital expressed optimism,adding that “historical downturns can only persist for so long” and that they expect a “preliminary rally leading up to 2024, followed by a more robust surge post-halving.”