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Pantera CEO Predicts Bull Market Peak in August Next Year

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Uk Jin
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  • Dan Morehead, co-founder of Pantera Capital, predicted that the cryptocurrency bull market will peak in August next year.
  • Morehead stated that this calculation was made by considering the time it took to reach the cycle peak after past halvings.
  • He mentioned that the current cycle is favorable for cryptocurrencies due to political and macroeconomic conditions.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

A prediction has emerged that the peak of the cryptocurrency bull market will be in August next year.

According to the cryptocurrency specialized media Cryptodnes on the 26th, Dan Morehead, co-founder of Pantera Capital, appeared on a podcast and predicted that "the cryptocurrency bull cycle will peak in August next year."

Specifically, he said, "This calculation comes from considering the time it took to reach the cycle peak after past halvings," and added, "This cycle is also favorable for cryptocurrencies due to political and macroeconomic conditions."

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