Crypto fund Pantera Capital says that the next Bitcoin (BTC) halving event will spark a bull rally beginning in early 2024.
Pantera predicts the Bitcoin price will soar to $36,000 in the lead-up to the next halving that's expected to occur in March 2024 and afterward continue its bull run to an all-time high of $149,000 per BTC.
"The 2020 halving reduced the supply of new Bitcoins by 43% relative to the previous halving. It had a 23% as big an impact on price. The next halving is expected to occur on March 22, 2024. Since most Bitcoins are now in circulation, each halving will be almost exactly half as big a reduction in new supply. If history were to repeat itself, the next halving would see Bitcoin rising to $36,000 before the halving and $149,000 after."
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