Dan Morehead, founder of Pantera Capital, predicts a significant Bitcoin bull market in 2025 due to the Bitcoin halving and favorable macroeconomic conditions. He believes that the Bitcoin halving, which slows down the creation of new Bitcoins, is the primary driver of the four-year Bitcoin cycles. Morehead cites Pantera Capital's accurate predictions for previous halving cycles and predicts that the low point of the current cycle occurred approximately 400 days before the most recent halving, with the peak occurring around August 2025. He also expresses skepticism about the Fed's ability to lower interest rates and raises concerns about the US's budget deficit, hinting at potential future economic challenges that could create a favorable environment for cryptocurrencies.



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