Posted 1/2/2024, 7:05:18 PM
Bitcoin Price to Hit $100,000 by 2024 According to PlanB Stock-to-Flow Model Forecast
- PlanB analyst predicts Bitcoin will hit $100k in 2024 based on his stock-to-flow (S2F) model
- According to S2F model, PlanB expects Bitcoin to approach $500k mark in next few years, potentially 2025
- In 2021, PlanB's price models overshot actual Bitcoin peak price, but he's still confident in long-term S2F forecast
- At time of writing, Bitcoin trading at $45,110, up about 169% in past year
- PlanB awaits impact of 2024 Bitcoin halving, expects continued price pumps