Pantera’s bear market Bitcoin call nails 2025 price, silencing cycle skeptics
Main Idea
Pantera’s Dan Morehead accurately predicted Bitcoin's price would reach $117,482 by Aug. 11, 2025, as Bitcoin closed above $119,000 on that date, validating the firm's 2022 forecast during a market low.
Key Points
1. Pantera’s November 2022 forecast projected Bitcoin would hit $117,482 by Aug. 11, 2025, which was confirmed as Bitcoin closed above $119,000 on that date.
2. Bitcoin was trading near $16,000 in November 2022, its cycle low, and has since surged over 660% to around $120,000.
3. The US spot Bitcoin ETFs, launched in January 2024, have become the most successful ETF debut in history, holding 7.1% of Bitcoin’s supply (1.491 million BTC).
4. Public and private companies collectively hold 1.36 million BTC, contributing to increased institutional adoption.
5. Analysts suggest institutional involvement, such as ETFs and corporate holdings, may alter Bitcoin’s traditional four-year cycle dynamics.
Description
Pantera’s Dan Morehead nailed his prediction for Bitcoin’s Aug. 11, 2025 price, made in November 2022 as BTC was nearing its bottom.
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