PlanB predicts BTC will rise to $500,000 in four years
Bitcoin analyst PlanB predicts a target price of $500,000 for BTC within the next four-year cycle based on historical data and patterns from its stock-to-flow model. PlanB points out that Trump's proposal to establish a national BTC reserve is a potential driving factor for its demand, and suggests that this could increase the pressure to buy "200,000 BTC per year". The model evaluates the value of BTC based on its limited supply and scheduled halving events, indicating that its price will rise significantly after each halving event. It is worth noting that although PlanB expects the price of BTC to reach $500,000 in this cycle, it also notes that there is a large price difference, ranging from $250,000 to $1 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Who holds Ethereum ETFs? Complete list of institutional holders in the 13F filings
The total inflow of ETH ETFs reached $2.73 billion, while Grayscale's outflows exerted downward pressure. SEC filings show that institutional investment levels in Ethereum ETFs vary.
The MuskIt team announces the launch of Musk Tower: The UAE is set to become a global hub for innovation and cryptocurrency
Musk Tower and its core organization, Musk Institute, will become an important hub for driving technology, renewable energy, and blockchain innovation.
Pudgy Penguins: Collaboration with Minini from the creative studio LINE FRIENDS
ETH falls below $3,200