In particular, Plan B's prediction referred to the upcoming halving of Bitcoin, which he believes will have a significant impact on the cryptocurrency's price. He firmly believes that the dynamics of Bitcoin mining through this halving will not differ significantly from previous ones.
According to his recent statements on the social media platform X, the halving will once again be a key driver for the expected rise in the price of Bitcoin. Plan B predicts that Bitcoin will surpass the $100,000 mark later this year and will exceed the $300,000 price mark by 2025.
IMO this bitcoin halving will NOT be different:
— PlanB (@100trillionUSD) April 17, 2024
- All bitcoin price increase will again be around the halving
- Buying 6m before the halving and selling 18m after the halving (green line) will outperform buy&hold
- BTC > $100k in 2024
- BTC top > $300k in 2025 pic.twitter.com/lCZjnuoYMO
When asked about the functionality of his Bitcoin Stock-to-Flow model in the comments, the analyst confidently replied that it continues to work smoothly. He expects Bitcoin to even surpass gold in the next market cycle, as Bitcoin will have double scarcity/S2F.
Plan B also emphasized that his forecast of $300,000 for Bitcoin in 2025 is only the lower end of a broader range of $250,000 to $1 million. Nevertheless, he is confident that Bitcoin will ultimately take a leading position over gold, especially due to its unique scarcity properties.
The coming years will undoubtedly be exciting to see how Bitcoin prices develop and whether they can meet the high expectations of analysts like Plan B.
