Bitcoin is projected to reach an extraordinary value of $5 million given the current trajectory of upcoming halving events and other market sentiments. The renowned analyst PlanB recently went to X to reveal his surprising price predictions for Bitcoin, based on its widely followed Stock-to-Flow (S2F) model.
Bitcoin is projected to reach an extraordinary value of $5 million given the current trajectory of upcoming halving events and other market sentiments. The renowned analyst PlanB recently went to X to reveal his surprising price predictions for Bitcoin, based on its widely followed Stock-to-Flow (S2F) model.
According to PlanB projections, the upcoming halving cycles are about to usher in unprecedented price increases for Bitcoin. In the 2020-2024 halving cycle, PlanB anticipates that the price of Bitcoin will be around $50,000.
Looking ahead to the 2024-2028 halving cycle, he predicts Bitcoin will skyrocket to a staggering $500,000. Meanwhile, in the next halving cycle of 2028-2032, PlanB predicts that the price of Bitcoin will skyrocket to an extraordinary $5 million.
Stock-to-Flow Model and the Future of Bitcoin
The Stock-to-Flow model, which evaluates the relationship between the scarcity of an asset (stock) and its production rate (flow), forms the basis of these bold predictions. PlanB claims that the S2F model indicates exponential growth for Bitcoin, a trend it believes will persist for the foreseeable future.
In 2022, Vitalik Buterin, the Russian-Canadian co-founder of Ethereum, criticized the Stock-to-Flow model, which gained traction on Crypto Twitter regarding Bitcoin, due to an analysis by Netherlands-based pseudonymous analyst PlanB.
However, PlanB’s projections have attracted significant attention within the cryptocurrency community, with many anxiously wondering whether Bitcoin will actually follow this exponential growth trajectory.
As Bitcoin continues to captivate investors and enthusiasts around the world, PlanB’s bold predictions serve as a compelling narrative, fueling debates about the digital asset’s long-term potential and the dynamics of its market cycles. However, given the volatility and unpredictability of the market, stakeholders are watching with interest.
