PlanB predicts BTC will rise to $500,000 in four years

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Cointime2024/11/10 01:44

By:Cointime

Bitcoin analyst PlanB predicts a target price of $500,000 for BTC within the next four-year cycle based on historical data and patterns from its stock-to-flow model. PlanB points out that Trump's proposal to establish a national BTC reserve is a potential driving factor for its demand, and suggests that this could increase the pressure to buy "200,000 BTC per year". The model evaluates the value of BTC based on its limited supply and scheduled halving events, indicating that its price will rise significantly after each halving event. It is worth noting that although PlanB expects the price of BTC to reach $500,000 in this cycle, it also notes that there is a large price difference, ranging from $250,000 to $1 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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