📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
The Bitcoin Cycle Theory Proven by the Accurate Predictions of Pantera
Pantera Capital achieved remarkable accuracy with its Bitcoin price forecast made in November 2022. The company predicted Bitcoin would reach $117,482 on August 11, 2025, while the actual closing price was over $119,000 on that exact day. Their forecast was made when Bitcoin was trading near the cycle low of $16,000. Since then, the asset has increased by more than 660% from the 2022 low, reinforcing the four-year halving cycle theory despite growing skepticism. ETF funds currently control 7.1% of the total Bitcoin supply with 1.491 million Bitcoin held, while public and private companies hold an additional 1.36 million Bitcoin. The unprecedented participation of these institutions has led some analysts to question traditional models. Bitcoin supporter Pierre Rochard argues that Bitcoin splitting is no longer important as 95% of Bitcoin has been mined. The current supply comes from the buyback of shares from original holders rather than new issuance. The Bitcoin community remains divided over the impact of institutional disruption. The current price movements indicate that cycles are still important despite changes in market structure as traditional patterns continue to unfold.