Pseudonymous cryptocurrency analyst who goes by the name PlanB (@100trillionUSD on in November. January 1, 2023.
Bitcoin (BTC) Near ‘Period of Outperformance’, Stock-to-Flow Author Says
The last day of October is the start of the period that historically outperforms the “Buy and Hold” model for Bitcoin (BTC). These windows of opportunity open six months before the halving events and close a year and a half after the halving. PlanB noted this trend in his recent X thread.
This estimate will once again demonstrate the correctness of the “Stock-to-Flow” pricing theory. According to this narrative, Bitcoin (BTC)’s long-term price growth has been catalyzed by its increasing scarcity as an asset. In turn, the growing scarcity has its origins in periodic halving events that reduce the issuance of Bitcoins (BTC) by 50% every four years.
As previously reported by U.Today, the previous Btcoin (BTC) halving occurred in May 2020, amid a general downturn in the markets. However, 18 months after that (in November 2021), Bitcoin (BTC) recorded its all-time high of over $69,000.
Some top crypto influencers are also sure about the effects of the Bitcoin (BTC) halving for the crypto markets. For example, Binance CEO Changpeng “CZ” Zhao recalled that “people always asked why” after Bitcoin (BTC) printed another ATH following halvings.
The next Bitcoin (BTC) halving will occur on April 24, 2024. Rewards for all Bitcoin (BTC) miners will be reduced to 3,125 Bitcoins (BTC) per block.
Will the Bitcoin (BTC) halving in 2024 be different?
As a result, we will be able to check whether PlanB’s forecast is correct in October 2025.
Some of its followers wonder if the next rally will be different for Bitcoin (BTC). For example, this time, the issuance of Bitcoin (BTC) only loses 3,125 BTC/block, which has a smaller monetary effect than before.
However, PlanB is of the opinion that even on the BTC/XAU chart showing a correlation between Bitcoin (BTC) and gold prices, the correlation will be the same.
At the same time, he recommended evaluating the Bitcoin (BTC) market with a correlation of indicators, including technical analysis, on-chain processes, etc.
