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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, maintains a bullish outlook and expect BTC to reach $35,000 before <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> 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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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">#Bitcoin 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: https://t.co/REfxkTp9CJ pic.twitter.com/UCEMMcznAM</p>— Dan Morehead (@dan_pantera) August 23, 2023 
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 <p>Historical patterns show that <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> 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> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitcoin halving 2024: a blessing or a curse 
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 <p>Delving into past data, Pantera Capital stated:</p> 
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  <p> “In 20,000, the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> event cut the introduction of new bitcoins by 43% compared to its predecessor, leading to a 23% price impact. With the 2024 <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> set for April 20, and given that a majority of Bitcoin have been mined, each subsequent <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> will nearly halve the new supply introduction. Following historical patterns, the forthcoming <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> could propel Bitcoin to values of $35,000 pre-<a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> and a whopping $148,000 post-<a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>.”</p> 
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  <div class="wp-block-embed__wrapper"> <iframe title="Will Bitcoin Halving Make Price Explode?" width="1020" height="574" src="https://www.youtube.com/embed/qMZocCMGMls?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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 <p>Besides <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>, the venture capital also noted that recent developments such as the XRP court ruling and BlackRock’s Bitcoin spot exchange-traded fund (ETF) application 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-<a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>.”</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin rally expected to surpass $50k by 2024 due to halving event 
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Pantera Capital: Bitcoin could hit $148,000 after halving

TheBitTimes

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