TechFlow reported that in an article dated February 20, Pantera Capital stated that if demand for new bitcoins remains stable while the supply of new bitcoins is halved, prices would be driven higher. Previously, demand for bitcoin has also increased due to expectations of price rises.
They emphasized that the halving is a significant event, but its effects take years to fully materialize. In their November 2022 blockchain brief, they analyzed the price impact by examining changes in the stock-to-flow ratio during each halving. According to their model, at the time of the April 2024 bitcoin halving, the price will be slightly above $35,000. The peak of the post-halving rebound is expected in August 2025, when bitcoin could reach $148,000.
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