Bitcoin Halving To Create Perfect Storm For Bulls, Says $3.5B Crypto Fund
Portfolio Pulse from Murtuza Merchant
Cryptocurrency fund Pantera Capital predicts a significant surge in Bitcoin (BTC) around the upcoming halving event in April 2024, based on historical performance patterns. The firm also cites positive indicators such as the verdict on Ripple (XRP) and endorsements from BlackRock (BLK) as reasons for its bullish outlook.
August 25, 2023 | 3:39 pm
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POSITIVE IMPACT
Endorsements from BlackRock are seen as significant positive indicators for the cryptocurrency market, according to Pantera Capital.
The firm cites endorsements from BlackRock as one of the reasons for its bullish outlook on the cryptocurrency market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Bitcoin is expected to surge significantly around the upcoming halving event in April 2024, according to Pantera Capital.
The prediction is based on historical performance patterns of Bitcoin around halving events. The firm also cites positive indicators such as the verdict on Ripple and endorsements from BlackRock.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The verdict on Ripple is seen as a positive indicator for the cryptocurrency market, according to Pantera Capital.
The firm cites the verdict on Ripple as one of the reasons for its bullish outlook on the cryptocurrency market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50