Bitcoin (BTC) Price Tipped To Hit $500,000 In 2025 By S2F Creator PlanB

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As an experienced crypto analyst, I find PlanB’s prediction of Bitcoin reaching a price of $500,000 by 2025 quite intriguing. His consistency in predicting Bitcoin price movements and market sentiment is commendable, especially considering his accurate forecasts during previous halving events.

Many crypto analysts and experts are enthusiastically bullish about Bitcoin‘s (BTC) ability to reach new heights in price in the near future. The most recent forecast comes from well-known Bitcoin advocate and trader, PlanB, who predicts a price of $500,000.

PlanB Projects $500,000 Bitcoin Price ATH

As the creator of the Stock-to-Flow (S2F) model, I, PlanB, recently shared my perspectives on the future prospects of Bitcoin through the open platform X, often referred to as “free speech social media.”

Initially, PlanB emphasized his reliability in providing insights on Bitcoin’s price and market trends. He brought up a post from October 2022 where he predicted that the upcoming Bitcoin halving event in 2024 would lead to scarcity and cause a significant increase in the coin’s value. To reinforce his argument, he drew comparisons to the previous Bitcoin halving years in 2012, 2016, and 2020, which were marked by substantial price surges following the events.

According to PlanB’s perspective, the upcoming years, including 2024, are expected to resemble historical trends. However, an intriguing forecast suggests Bitcoin could reach $100,000 by the end of this year, followed by a significant price escalation to $500,000 by 2025.

My forward guidance for 2024 and2025 has not changed since Oct 2022 (when bitcoin was below 20k!):

Around April 2024, the Bitcoin halving is predicted to occur with a value close to $55,000 based on the Stock-to-Flow (S2F) model. Following this event, there may be a significant increase in price, referred to as a “pump.” By 2024, it’s expected that Bitcoin will surpass $100,000. In 2025, the S2F target price range is estimated between $0.25 million and $1 million.

— PlanB (@100trillionUSD) June 5, 2024

A crypto enthusiast shared some significant occurrences he anticipated for Bitcoin, such as the Bitcoin halving in April 2024 and the price surge to $25,000 around 2025. His optimistic outlook on Bitcoin’s future was reflected in these five events. Among them, PlanB’s predictions included the Bitcoin halving that occurred in April 2024, reaching an S2F Model value of approximately $55,000, and a subsequent price increase following the halving. These events have reportedly been realized based on current market trends.

Bitcoin on its Way to Achieve $100K

The next milestone to hit, according to PlanB’s insight, is getting Bitcoin to $100,000 this year.

Bitcoin’s achievement of reaching a new all-time high (ATH) might not present a significant challenge given its current lack of opposition in this pursuit. According to IntoTheBlock data, Bitcoin has discovered solid support levels around $68,730 and $70,833. Based on this trend, it is anticipated that the Bitcoin price will surge towards $80,000 by the end of June, and hit $100,000 before the year concludes.

This theory aligns with Mike Novogratz’s previous stance on Bitcoin’s price movement. Novogratz previously stated that if Bitcoin reaches a price of $73,000 by next week, it has the potential to surge up to $100,000 by the end of the year.

Reaching the goal of $100,000 for Bitcoin may be within reach sooner than anticipated. However, PlanB’s prediction of $500,000 appears to be an ambitious target that Bitcoin might find difficult to attain within a short time frame. This is currently one of the most optimistic Bitcoin price forecasts in recent times.

At the time of writing, the coin is priced for $70,843.97, up by 1.88% in 24 hours.

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2024-06-05 18:02