PlanB Predicts Further Bitcoin Surge, Targets 7-10x Returns Before Next Halving
CryptoNewsTerminal Staff21 Aug, 2024
PlanB Predicts Further Bitcoin Surge, Targets 7-10x Returns Before Next Halving
PlanB's Optimistic Prediction for Bitcoin Prominent analyst PlanB, known for his Stock-to-Flow (S2F) model, recently shared his bullish outlook for Bitcoin on X. He highlighted that Bitcoin has historically experienced 7-10x growth during periods between halving cycles. Currently, Bitcoin is approximately 4x above its 2022 lows. Based on these observations, PlanB posed the question: "What do you think BTC will do in the next 12 months?" Implications for Bitcoin Investors PlanB's prediction suggests that Bitcoin could potentially see significant appreciation in the lead-up to the next halving, which is expected to occur in 2024. This could present a lucrative opportunity for investors who believe in the long-term prospects of digital assets. While past performance is not a guarantee of future results, PlanB's S2F model has gained credibility within the cryptocurrency community. His analysis provides valuable insights into the potential trajectory of Bitcoin's price.
