While Bitcoin has made a name for itself with the rises it has experienced since the beginning of 2023, it exceeded $ 53,000 in the last rise.
However, while BTC's harsh volatile movements worried investors, a positive report for BTC came from Pantera Capital, one of the US-based cryptocurrency hedge funds.
Stating that at this point we are at the beginning of the bull in BTC and altcoins, Pantera Capital argued that a strong bull rally could occur over the next 18-24 months.
Dan Morehead, founder of Pantera Capital, stated in the report that “the fact that bad things do not happen and are behind us” is a bullish sign for cryptocurrencies and included the following statements in the report:
“We've been through three crazy cycles so far, with huge booms and then unfortunately drops of around 85%.
At this point, I think we are at the beginning of the fourth major cycle for Bitcoin and altcoins.
The stock market crash in 2022 had a huge impact on institutions, and institutions actually pulled back from investing in private markets.
With stocks reaching record highs again, they may reinvest in private markets.
“So I think the next 18 or 24 months will probably be a strong bull market for cryptocurrencies.”
“Bitcoin Remains the World's Most Neglected Asset!”
Apart from Dan Morehead, company co-founder Franklin Bi also commented on Bitcoin.
Stating that Bitcoin is still ignored, Bi said, “Bitcoin continues to be the World's Most Neglected Asset.”
At this point, with Bitcoin's market value of $ 900 billion, global payment giant Visa; Pointing out that it is ahead of the technology giant Apple with a daily transaction volume of 26 billion dollars, Bi argued that Bitcoin is still far below its value.
Pantera Capital had previously predicted that the BTC price would be just over $35,000 during the halving in April 2024, but by August 2025 the price could reach $148,000.
*This is not investment advice.
