News - Above $65,000 to $500,000: Plan B sees BTC all-time high for bull market

By Mike Hesp

Above $65,000 to $500,000: Plan B sees BTC all-time high for bull market

Bitcoin (BTC)
Price update

The controversial Bitcoin-market analyst publishes an update on his stock-to-flow model. However, he was wrong before.

Plan B is back. The controversial market analyst makes a new prediction for Bitcoin.

Over the next four years, the price reach new record highs, from $65,000 to more than $500,000.

For 2024, he sees a price range of $16,000 to $64,000.

Its assumption is based on the stock-to-flow model. It is considered controversial.

For 2021, for example, he predicted $100,000. However, the cryptocurrency reached "only" $69,000.

Stock-to-flow is a fundamental model. They are based on certain fundamental data. In this case: scarcity.

This increases with Bitcoin due to the halvings. They regularly halve the reward miners get for mining Bitcoin. The next one is scheduled for April 2024.

Halvings have often been accompanied by price increases in the past.

Download the Anycoin App

Finally, a crypto app for everyone!

Check it out