A well-known expert in finance and cryptocurrencies, going by the alias Plan B, has shared optimistic expectations for Bitcoin‘s price trend through the end of this year and into the next, based on his Stock-to-Flow (S2F) model for Bitcoin. This economic framework aims to forecast Bitcoin’s future value.
The prediction made by Plan B was related to the approaching Bitcoin halving event.
Bitcoin to top $300K in 2025: Plan B
Famous finance expert Plan B discussed his perspective on the highly anticipated Bitcoin halving and its potential influence on the value of the leading digital currency.
The analyst, in a recent tweet, expresses his conviction that this upcoming Bitcoin mining event, similar to those in the past, will not deviate significantly from the pattern we have seen. He anticipates that the Bitcoin price will surge as a result of the halving, an influential factor in previous price increases.
Plan B expects the world’s pioneer cryptocurrency to surpass the $100,000 level this year and go well beyond the $300,000 price mark in 2025. Besides, according to the tweet, Plan B expects Bitcoin purchasing to be done right before the halving and the selling performed “18 minutes” after it outperforms the average “buy and hold” strategy.
In my opinion, the upcoming Bitcoin halving won’t deviate significantly from past events:
— PlanB (@100trillionUSD) April 17, 2024
The analyst replied in the comments section by stating that “the Bitcoin stock-to-flow model is unfolding just as predicted.”
Bitcoin to surpass gold: Plan B and Adam Back
Adam Back, a prominent figure in the cryptocurrency world as a cypherpunk, founder of Blockstream, and inventor of the Bitcoin Lightning Network, responded to Plan B’s post with his prediction: In the upcoming economic cycle, Bitcoin is expected by Back to surpass gold in performance.
The analyst, referred to as Plan B, concurred with him. He believed that Bitcoin would outshine gold due to its “double scarcity” or “S2F” feature. Furthermore, Plan B mentioned that his forecast of $300,000 for Bitcoin in 2025 was just the minimum estimate within the larger range of $250,000 to $1 million.
I believe that Bitcoin surpassing the value of gold is inevitable due to its scarcity factor (S2F) being twice as high. My prediction for Bitcoin’s peak price ranges from $250,000 to $1 million. In my previous assessment, I assumed the higher end of this range would be reached, but during the last cycle, Bitcoin fell short and only hit the lower end. It remains to be seen how this time will unfold.
— PlanB (@100trillionUSD) April 17, 2024
$2 billion in Bitcoin moved right before halving
Two massive Bitcoin transactions, valued at around $1.01 billion each and totalling 16,276 BTC, have been identified by Whale Alert. The initial transaction was forwarded to Binance, while the subsequent transfer took place between two unidentified wallets.
Instead of this: “However, it appears that these transactions came from Binance – the leading exchange has revealed a plan to move all customer cryptocurrencies into USDC stablecoins for enhanced safety.”
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2024-04-18 13:53