Dan Morehead Predicts Bitcoin Price at Peak of Future Bull Market

Dan Morehead Predicts Bitcoin Will Hit $117,000 by August 2025

Halving as a Key Catalyst for Bitcoin's Growth

Dan Morehead, CEO of Pantera Capital, has forecasted that Bitcoin will reach a new all-time high of $117,000 by August 2025, driven by the effects of the Bitcoin halving cycle. Speaking on the Bankless podcast, Morehead highlighted how Bitcoin halving events historically impact the cryptocurrency's price, reducing the supply of new coins and driving demand.

The most recent halving occurred in April 2024, cutting the reward for miners in half. Morehead explained that the price impact typically begins 400 days before the halving and peaks 480 days after, providing a clear timeline for investors to anticipate market movements.

Using historical data from previous halving cycles, Morehead emphasized the correlation between halving events and Bitcoin's price peaks:

1. 2024 Halving: When Bitcoin was trading at $17,000 two years ago, Pantera Capital predicted a price of $28,000 at the time of halving, a target that was successfully reached.
2. Peak Prediction: Based on the typical post-halving price surge, Morehead now predicts Bitcoin will climb to $117,000 by August 2025.

He also noted that while previous halving cycles saw larger price increases, this cycle's growth is expected to be more moderate, reflecting the maturing cryptocurrency market.

Morehead anticipates that macroeconomic conditions and improved cryptocurrency regulations will further boost Bitcoin price. These factors include:

• Institutional Adoption: Increased interest from organizations and institutional investors seeking profitable reserve assets like Bitcoin, which Morehead says outperforms gold.
• Favorable Regulatory Environment: Changes in cryptocurrency regulation, particularly in major markets like the U.S., could encourage broader adoption and market stability.
• Blockchain Accessibility: As more entities integrate blockchain technology into their operations, the overall cryptocurrency market is poised for faster development.

Morehead reiterated his belief in Bitcoin value as a profitable reserve asset, highlighting its performance compared to traditional hedges like gold. Bitcoin's finite supply and decentralized nature make it an increasingly attractive option for investors and organizations seeking long-term security and growth.

Morehead's prediction reflects optimism about Bitcoin's continued growth despite the market's maturing dynamics. With the halving's effects unfolding, coupled with improving regulatory clarity and institutional participation, Bitcoin appears well-positioned to achieve a new all-time high of $117,000 within the next two years.

As the market builds toward this target, Morehead's analysis underscores the importance of understanding historical patterns and external factors driving Bitcoin's value. Investors looking to capitalize on these trends may find the months leading up to August 2025 particularly pivotal.