Pantera’s 2022 Bitcoin price prediction hits target

Pantera Capital’s November 2022 forecast that Bitcoin would reach $117,482 by August 11, 2025, proved accurate, with BTC closing above $119,000 on that date. The prediction was based on Bitcoin’s four-year halving cycle, which has historically driven post-halving rallies. Bitcoin has risen over 660% from its November 2022 low of under $16,000. While some analysts argue institutional adoption through ETFs and corporate treasuries may alter the cycle’s influence, Pantera’s call underscores its continued relevance, Cointelegraph reported.