Pantera Halving Cycle Forecast Don Happen as BTC Don Hit $119K
Pantera Capital forecast for November 2022 predict say Bitcoin (BTC) go reach $117,482 by August 11, 2025. Coin Metrics data through CNBC confirm say BTC close above $119,000 dat date wit price near $120,000 — up 660% from di low of $16,000. Dis result show say Bitcoin halving cycle fit predict well and e show say di returns dey reduce after each halving. Institutional adoption don rise: US spot Bitcoin ETFs hold 1.49 million BTC (7.1% of di supply) and public plus private companies hold 1.36 million BTC. Some insiders like Jason Williams and Pierre Rochard talk say since 95% of Bitcoin don already mine, halving effect for circulating supply don dey small now as demand dey shift to retail investors, new ETP products and corporate reserves.
Bullish
Di wek Pantera Capital dem Bitcoin halving cycle forecast happen, weh BTC don climb pass $119,000, e show how halving-driven rally strong. Di 660% gain since di November 2022 low plus di growing institutional demand through spot Bitcoin ETFs and corporate reserves dey support bullish feeling. For short term, ETF inflows fit drive rally around halving events, while long-term supply cut from halving cycles plus continued institutional adoption fit keep di price dey go up. Even if some people talk say halving effect fit reduce once 95% of Bitcoin don mined, di current demand wey dey come from retail investors, new ETP products plus corporate holdings suppose still hold price growth strong.