Pantera Capital Analysts Believe Bitcoin Will Hit $35,000 Before Halving

Analysts at Pantera Capital claim that Bitcoin will reach $35,000 before the block reward is reduced in April 2024.

They predict that the halving – which sees the reward for miners cut from 6.25 to 3.125 Bitcoins – will cause the currency to skyrocket to an all-time high of $148,000.

This conclusion is based on past halvings, which saw the supply of BTC decrease by 17%, 30%, and 43%, respectively.

If the trend repeats itself, 2021 could see a major boost in the price right up until the halving, when it will finally break all existing records.