PlanB Issues Epic Bitcoin (BTC) Price Prediction for the End of the Year

PlanB Issues Epic Bitcoin (BTC) Price Prediction for the End of the Year

PlanB, a renowned crypto analyst and creator of the stock-to-flow (S2F) model, has presented its year-end report predictions for the price of Bitcoin (BTC). The analyst’s forecast covers five years, from 2024 to 2028.

PlanB, a renowned crypto analyst and creator of the stock-to-flow (S2F) model, has presented its year-end report predictions for the price of Bitcoin (BTC). The analyst’s forecast covers five years, from 2024 to 2028.

Advertisement

PlanB Year-End Bitcoin Price Prediction

“My best guess is the 2024-2028 Bitcoin scenario: 2024 (EOY): $0.15 million, 2025: $0.8 million, 2026: $0.4 million, 2027: $0.3 million dollars, 2028: $0.4 million,” PlanB noted. The analyst used the S2F model to compare Bitcoin’s trend with previous cycles, highlighting that it aligns perfectly with the S2F^3 power law model.

Related

Mon, 06/10/2024 – 06:17
Bitcoin Gets Second Highest Close Ever: Details

According to the analyst’s chart, Bitcoin is expected to reach $150,000 by the end of this year and $800,000 in 2025. Bitcoin reaching $800,000 next year translates to a more than 10x increase in its current price. PlanB acknowledged that this Bitcoin price prediction sounds unrealistic, but claims that 800K would be in line with the highest and best-fitting R2 historical data model.

However, PlanB highlighted hacks, scams, breaches, forks, and crackdowns as risks that could interfere with this bullish forecast for Bitcoin. Jeroen Blokland, founder of the Blokland Smart Multi-Asset Fund, commented that Bitcoin at $0.8 million means a market capitalization close to that of gold.

Will PlanB’s prediction come true?

Several factors will determine whether PlanB’s bullish Bitcoin price prediction will come true or not. Firstly, investor sentiment around the leading digital asset would determine its future price movement. Price increases usually follow positive market sentiment.

Related

Tue, 06/04/2024 – 13:39
Australian Spot Bitcoin ETF Goes Live, Here’s Why It Stands Out

As revealed in a previous Guru-Investingreport, PlanB says Bitcoin will continue to see accumulation by investors in 2024-2025. If this analogy continues, the analyst’s prediction about Bitcoin could come true.

Another key factor that could drive up the price of Bitcoin is greater adoption by institutional players through spot Bitcoin ETF products.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة