Plan B is the pseudonym of a famous crypto analyst with a huge following on Twitter. According to its Bitcoin prediction, the queen of cryptocurrencies is set to see explosive growth ahead of its scheduled halving (also known as halving) in 2024.
Bitcoin prediction: The halving will propel the most famous cryptocurrency to new heights
Plan B is a crypto analyst with 1.8 million Twitter followers. Like many experts, he has just published a crypto prediction or more exactly a Bitcoin prediction.
According to Plan B, the Bitcoin halving scheduled for April 2024 will be the catalyst to make the price of this cryptocurrency rebound. He believes Bitcoin will likely follow the stock-to-flow model (S2F). Before the end of the year, Bitcoin will increase by more than 588% from its current average price of $29,069. This means that its value could reach $200,000 by the end of the year.
As a reminder, the stock-to-flow model seeks to graphically display bitcoin’s revaluation behavior over a long period of time (year-to-year). It is a model that Plan B created itself in 2019. Due to its meteoric success, many crypto analysts were quick to replicate and improve it.
Explosive Growth Vindicated by Broader Bitcoin Adoption
According to Plan B’s Bitcoin prediction, the crypto will also see an explosive rise. The reason is wider adoption of the digital asset. Unlike fiat currencies (such as the euro or the dollar), the value of bitcoin does not depend on an institution. She is depending on supply and demand. In other words, it depends on the price buyers are willing to pay.
Wider adoption of Bitcoin will necessarily lead an increase in demand. And who says increase in demand, says increase in prices.
The price of Bitcoin could hit $200,000 by the end of the year. This Bitcoin prediction from Plan B is among the most extraordinary ones made by analysts.
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