PlanB: Bitcoin's Price Could Hit Half a Million Dollars

PlanB: Bitcoin's Price Could Hit Half a Million Dollars

PlanB, a prominent analyst and creator of the Stock-to-Flow (S2F) price prediction model for Bitcoin, has predicted that the average price of Bitcoin between 2024 and 2028 will be $500,000 based on the S2F model. PlanB's model has been adjusted based on new data in 2019, and the 4-year average price estimated by S2F has become roughly similar to the actual figure. The average price predicted by the S2F model for the 2020~2024 cycle was approximately $50,000, and the average price of BTC during that period was around $34,000. This suggests that the model is reasonably accurate in predicting Bitcoin's long-term price trajectory. Based on the S2F model, PlanB predicts that the average price of Bitcoin for the 2024~2028 cycle could also reach $700,000 before stabilizing around $340,000. This would represent a significant increase from the current price of Bitcoin, and it would make Bitcoin one of the most valuable assets in the world. It is important to note that the S2F model is not perfect, and it is possible that Bitcoin's price could deviate from the model's predictions. However, the model has a good track record of predicting Bitcoin's long-term price trajectory, and it is one of the most widely used models for predicting Bitcoin's future price.