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Pantera Capital Predicts Bitcoin to Hit $35k Before 2024 Halving and Surge to $148k Afterward

August 24, 2023
in Blockchain
Reading Time: 3 mins read
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In a latest publication by Pantera Capital, the agency delved into the idea of a “constructive black swan” occasion within the blockchain trade. The time period “black swan” historically refers to unpredictable occasions with doubtlessly extreme penalties. Nonetheless, on this context, Pantera Capital highlights the constructive implications of such occasions for the blockchain sector.

Key takeaways embrace:

Historic Bitcoin Value Predictions

Pantera Capital references historic tendencies to make a big prediction about Bitcoin’s value trajectory. The agency states, “If historical past had been to repeat itself, the subsequent halving would see bitcoin rising to $35k earlier than the halving and $148k after.”

Blockchain’s Fast Development

The blockchain sector has witnessed exponential development over the previous few years. Pantera Capital cites that the variety of blockchain customers has doubled each twelve months. This fast adoption price underscores the growing acceptance and integration of blockchain applied sciences in numerous industries.

Bitcoin’s Resilience

Within the face of regulatory hurdles and market shifts, Bitcoin has showcased vital stability. Pantera Capital factors out that, during the last 90 days, Bitcoin’s value fluctuations have been steadier than 87% of shares within the S&P 500.

DeFi’s Potential

Decentralized finance (DeFi) platforms have garnered vital consideration and funding. Pantera Capital emphasizes the potential of DeFi to revolutionize conventional monetary methods by providing decentralized alternate options.

Blockchain’s Constructive Affect

The article means that blockchain know-how can play a pivotal function in addressing international challenges. From enhancing provide chain transparency to fostering monetary inclusion, blockchain options have the potential to drive constructive change on a world scale.

Future Outlook

Pantera Capital stays optimistic about the way forward for blockchain and its transformative potential. The agency believes that because the know-how matures, its impression might be much more profound, touching numerous sides of our day by day lives.

In conclusion, whereas black swan occasions are sometimes related to destructive outcomes, Pantera Capital presents a compelling case for the constructive impression of such occasions within the blockchain area. The agency’s insights underscore the transformative potential of blockchain know-how and its function in shaping the way forward for numerous industries.

About Pantera Capital

Established by Dan Morehead, the previous Head of Macro Buying and selling and CFO at Tiger Administration, Pantera Capital stands as a outstanding determine within the funding enviornment. The agency’s adeptness in international macro methods has seen it oversee greater than $1 billion in institutional allocations. In a pioneering transfer in 2013, Pantera launched america to its first blockchain hedge and enterprise funds. The agency noticed a swift rise within the adoption of digital property globally, a pattern accentuated through the COVID-19 pandemic, serving as a countermeasure in opposition to unparalleled fiscal and financial enlargement. Moreover, a noteworthy transition within the fiscal area is obvious as main public firms have begun incorporating Bitcoin into their monetary reserves.

Pantera Capital’s investments span a myriad of blockchain initiatives, encompassing however not restricted to Zcash, Xapo, Wintermute, Ripple, Polkadot, Close to, Filecoin, Coinbase, Circle, BitGo, and Bitstamp.

Picture supply: Shutterstock

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Tags: 148k35kAfterwardBitcoinCapitalhalvingHitPanteraPredictsSurge
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