- Chamath Palihapitiya believes Bitcoin will climb above $500,000 by October 2025.
- Palihapitiya highlighted an ongoing BTC commercialization.
- The VC predicts many countries will adopt Bitcoin as a second currency.
Canadian-American venture capitalist (VC) Chamath Palihapitiya predicts Bitcoin will climb above $500,000 by October 2025. Through a video, Palihapitiya cited historical data to explain BTC price trends after each halving event. His analysis was based on the first 18 months after each halving, enabling him to forecast the next target for the leading cryptocurrency.
According to Palihapitiya, Bitcoin generates the bulk of its returns between 12 and 18 months after a halving occurs. He observed a pattern where investors assess the immediate aftermath of a halving event, likely trying to gauge its impact on the crypto market.
The VC noted that the assessment period could last up to three months post-halving, after which Bitcoin typically experiences astronomical rallies. He explained that the rallying phase could last between six to eighteen months.
Meanwhile, Palihapitiya highlight…
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