Pantera Capital CEO: Predicts that the Bitcoin bull market cycle will peak in August 2025

Pantera Capital CEO Dan Morehead predicts that the next bull market cycle for cryptocurrency will peak in 2025. In the Bankless podcast, he elaborated on the basis of this prediction: Bitcoin follows a four-year halving cycle, and miner rewards halve leading to a decrease in supply. Historically, these events have led to significant increases in Bitcoin prices. The last halving occurred in April 2024, and based on historical trends, Morehead predicts that Bitcoin will reach its cyclical peak in August 2025.