Pantera founder: Bitcoin's peak in this cycle may occur in August 2025

Dan Morehead, founder of Pantera, said in a recent interview that Bitcoin's four-year cycle pattern will continue, and the market will experience a big bull market and then a bear market. But the only difference is that after three 85% declines in the past 12 years, the next correction may only be 50% or 60%, at least for Bitcoin, and small currencies may still have greater fluctuations. If the four-year cycle rule is followed, April 19 this year is the halving time, and August 2025 is expected to be the peak of this cycle. It has been predicted that the volatility will gradually decrease. The previous halving cycle was more volatile, and this time it will be relatively mild. It's not just the halving factor, the political and macroeconomic environment are also creating favorable conditions for cryptocurrencies. So I'm quite optimistic about 2025.