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PlanB releases an epic year-end price prediction for Bitcoin (BTC).
Goffredo Beniamino
Stock-2-Flow (S2F) Legend provides a bullish Bitcoin price prediction
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PlanB, renowned crypto analyst and creator of the stock-to-flow (S2F) model, gave his year-end balance sheet predictions for the price of Bitcoin (BTC). The analyst’s forecast covers five years, from 2024 to 2028.
PlanB year-end Bitcoin price prediction
“My best guess for the 2024-2028 Bitcoin scenario: 2024 (EOY): $0.15 million, 2025: $0.8 million, 2026: $0.4 million, 2027: $0.3 million dollars, 2028: $0.4 million,” PlanB noted. The analyst used the S2F model to compare Bitcoin’s performance with previous cycles, highlighting that it aligns perfectly with the S2F^3 power law model.
From the analyst chart, Bitcoin is expected to reach $150,000 by the end of this year and $800,000 by 2025. Reaching $800,000 by next year will result in a more than 10x increase in its price current. PlanB acknowledged that this Bitcoin price prediction seems unreal, but says that 800K would be in line with the best-fit historical data model, higher R2.
However, PlanB highlighted hacks, scams, defaults, forks and crackdowns as risks that could interfere with this bullish forecast for Bitcoin. Jeroen Blokland, founder of the Blokland Smart Multi-Asset fund, commented that Bitcoin at $0.8 million means a market capitalization close to that of gold.
Will PlanB’s prediction come true?
Whether PlanB’s bullish price prediction for Bitcoin holds true will be determined by several factors. First, investor sentiment towards the leading digital asset would determine its future price movement. Price increases usually follow positive market sentiment.
As previously mentioned U.Today report, PlanB states that Bitcoin will continue to see accumulation from investors in 2024-2025. If this analogy continues, the analyst’s Bitcoin prediction could come true.
Another key factor that could push the price of Bitcoin higher is increased adoption by institutional players Spot Bitcoin ETF products.
About the author
Goffredo Beniamino
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for cryptocurrencies was born when, as a former banker, he discovered the clear advantages of decentralized money compared to traditional payments. With his extensive experience covering various aspects of Web3, Godfrey’s articles have been published in Blockchain.news, Cryptonews, and Coingape, among others.