Pantera Capital predicts that the price of Bitcoin will reach $117,000 in August 2025

Odaily News Pantera Capital released its prediction for Bitcoin price in the latest Pantera Fund V launch letter, predicting that Bitcoin price will reach $117,000 in August 2025. The letter stated that in the blockchain letter released in November 2022, it updated the analysis of the impact of BTC price since the halving in 2013, and finally predicted that BTC will rise to $117,000 in August 2025. It also stated that in previous halvings, the average rebound time before and after the halving was almost the same. There are similarities between the cycles, and the rebound before the halving in 2024 lasted 515 days, only one day more than the 514 days before the halving in 2020. At the same time, based on this model, the Pantera Bitcoin Fund has almost doubled on average in 11 years.