Since the beginning of the year, bitcoin (BTC) remains generally on an upward trend, despite a slight period of decline. For now, nothing predicts, given current market trends, that the flagship crypto will maintain this course. However, many analysts strongly believe in the explosion of its price.
Towards a new bitcoin (BTC) breakthrough?
Will bitcoin (BTC) continue to soar as the bear market is in full swing? The crypto analyst, PlanB answers it in the affirmative. In a series of posts published on his twitter account, the analyst was very optimistic for the flagship crypto. According to him, bitcoin (BTC) could be worth the tidy sum of $10 million by 2025.
PlanB’s conclusions come from the Stock-to-Flow (S2F) model. It is a valuation principle that makes it possible to predict the future prices of an asset, taking into account the relationship between its scarcity and the volume of new offers. A financial rule that he popularized by applying it to bitcoin (BTC).
PlanB’s projections are also based on the current crypto market circumstances. A context marked by all-out regulatory efforts. If the latter is effectively implemented as several studies show, bitcoin (BTC) would certainly be one of the greatest beneficiaries. According to these forecasts, one of the positive consequences of this dynamic is to accelerate the pace of adoption of the flagship crypto in the world. This should increase from 1 to 5% currently, to about 50% within two years.
“If bitcoin adoption is currently 1-5%, we will enter the vertical of the S-curve in the next two years. On a logarithmic scale, that just means more exponential growth until 50% adoption.”said PlanB.
If the analyst’s opinion seems absolutely surreal, it confirms the recent optimism of the players in relation to BTC. A trend deemed overrated by several other analysts who are very skeptical, given the bear market. In any case, the dream is allowed.
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