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<p class="is-style-lead">Pantera Capital, using stock-to-flow ratio as a tool, predicts a significant shift in Bitcoin (BTC) prices after halving in 2024.</p> 
<p>Pantera Capital, one of the leading crypto venture capitals, <a href="https://panteracapital.com/blockchain-letter/a-positive-black-swan/#_ftn1" target="_blank" rel="noopener">maintains</a> a bullish outlook and expect BTC to reach $35,000 before halving before another leg up to $148,000 afterwards. </p> 
<p>The stock-to-flow ratio gauges a digital asset’s present supply in comparison to its new supply influx. This ratio measures an asset’s scarcity—higher values can hint possible price gains. </p> 
<p>At present, Bitcoin is trending at around the $26,500 mark.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> recently experienced the longest period of negative year-over-year returns in its history, lasting 15 months.<br><br>The longest period prior was just under a year.<br><br>Our view is that we’ve seen enough – there’s just so long markets can be down.<br><br>More: <a href="https://t.co/REfxkTp9CJ" target="_blank">https://t.co/REfxkTp9CJ</a> <a href="https://t.co/UCEMMcznAM" target="_blank">pic.twitter.com/UCEMMcznAM</a></p>— Dan Morehead (@dan_pantera) <a href="https://twitter.com/dan_pantera/status/1694364602828751069?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">August 23, 2023</a>
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<p>Historical patterns show that halving events, which happens roughly every four years, tend to support prices. </p> 
<p>Next year, miner rewards will fall from 6.25 to 3.125 BTC, a supply shock that makes the coin scarcer, potentially supporting prices.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoin-halving-2024-a-blessing-or-a-curse/"> Bitcoin halving 2024: a blessing or a curse </a> </p> 
<p>Delving into past data, Pantera Capital stated:</p> 
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 <p> “In 20,000, the halving event cut the introduction of new bitcoins by 43% compared to its predecessor, leading to a 23% price impact. With the 2024 halving set for April 20, and given that a majority of Bitcoin have been mined, each subsequent halving will nearly halve the new supply introduction. Following historical patterns, the forthcoming halving could propel Bitcoin to values of $35,000 pre-halving and a whopping $148,000 post-halving.”</p> 
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<p>Besides halving, the venture capital also noted that recent developments such as the <a href="https://crypto.news/xrp-is-not-a-security-us-judge-rules/" data-type="link" data-id="https://crypto.news/xrp-is-not-a-security-us-judge-rules/">XRP court ruling</a> and BlackRock’s Bitcoin spot exchange-traded fund (ETF) <a href="https://crypto.news/us-sec-accepts-blackrocks-spot-bitcoin-etf-application/">application</a> are bullish tailwinds.</p> 
<p> Pantera Capital expressed optimism,adding that “historical downturns can only persist for so long” and that they expect a “preliminary rally leading up to 2024, followed by a more robust surge post-halving.”</p> 
<p> Read more: <a href="https://crypto.news/bitcoin-rally-expected-to-surpass-50k-by-2024-due-to-halving-event/"> Bitcoin rally expected to surpass $50k by 2024 due to halving event </a> </p>

Pantera Capital: Bitcoin could hit $148,000 after halving

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