Crypto analyst PlanB predicts Bitcoin could reach $100,000 by 2024 and $1 million by 2025 despite current downturn

Pseudonymous crypto analyst PlanB believes Bitcoin will hit $100,000 in 2024 despite current bearish sentiments
PlanB says $100,000 is just the starting point, with $500,000 being the average price level per the Bitcoin stock-to-flow model
However, he notes Bitcoin's price could potentially reach as high as $1 million at the peak in 2025
PlanB warns investors to expect volatility and 20-30% price dips, which is normal even in a bull market
Other analysts share similar predictions that Bitcoin could hit $1 million, citing the supply and demand imbalance, especially after the halving