PlanB, the acclaimed crypto analyst known for creating the stock-to-flow (S2F) model, has released a bold forecast for Bitcoin’s (BTC) price trajectory over the next five years, from 2024 to 2028.
PlanB’s Year-End Bitcoin Price Prediction
According to PlanB’s latest projections, Bitcoin is expected to surge to $150,000 by the end of this year and skyrocket to $800,000 by 2025. This predicted leap to $800,000 represents an increase of more than tenfold from its current price. PlanB admits that this forecast may seem implausible, but he insists that $800,000 aligns with the most accurate historical data model with the highest R2 value.
Despite the bullish outlook, PlanB cautions that several risks could derail Bitcoin’s ascent, including hacks, scams, defaults, forks, and regulatory crackdowns. Jeroen Blokland, founder of the Blokland Smart Multi-Asset Fund, noted that Bitcoin reaching $800,000 would elevate its market cap to levels comparable to gold’s.
Will PlanB’s Prediction Come to Fruition?
As highlighted in an earlier report by U.Today, PlanB believes that Bitcoin will continue to see significant accumulation from investors throughout 2024 and 2025. If this trend persists, PlanB’s optimistic prediction could become a reality.
Another crucial driver that could propel Bitcoin’s price higher is increased adoption by institutional investors, particularly through the introduction of spot Bitcoin ETF products.
With these factors in play, the coming years could see unprecedented growth in Bitcoin’s value, aligning with PlanB’s ambitious forecasts.
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