The CEO of Pantera Capital, a digital assets investment firm, predicts that the bull cycle of the cryptocurrency market will reach its peak in 2025. Dan Morehead believes that Bitcoin's price patterns are aligned with the four-year halving cycle, where miners' block rewards are cut in half, resulting in a supply crunch. Morehead anticipates that Bitcoin will hit its cycle peak in about seven months, with a price target of $117,000, which is an 18% increase from its current value. He also notes that the political and macro environment is favorable for cryptocurrencies, adding to his bullish outlook for 2025.



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