Dan Morehead has made a bold prediction that Bitcoin will soar to $117,000 by August 2025. According to Morehead, Bitcoin's price tends to pivot around its historical halving cycles, events which historically have a substantial influence on market dynamics.
These halving cycles, which reduce block rewards for miners, are seen as a major factor in Bitcoin’s valuation, often correlating with significant market growth in the past.
This prognosis comes amidst varying opinions on Bitcoin’s future valuation, further sparking discussions within the crypto community.
