In a recent “Blockchain Letter” to investors, published on August 22, Pantera Capital — a venture capital firm headed by Dan Morehead — has projected that the price of bitcoin (BTC) could soar to $147,843 per coin following the 2024 halving. The firm employed the stock-to-flow (S2F) ratio as a price model to evaluate and forecast future pricing trends across each halving event.
Venture Capital Firm Pantera Predicts a Six-Digit Bitcoin Price After the Next Halving
The next Bitcoin network halving is slated to take place in 245 days and it has sparked numerous predictions of a substantial price increase post-event. Around April 24, 2024, the block reward for the network will be slashed by half, from the current 6.25 BTC per block to 3.125 BTC per block after the halving. Pantera Capital, which focuses on cryptocurrency assets and blockchain technology investments, anticipates BTC’s price will hover around $35,448 per coin before jumping 317% into six-digit territory following t
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