PlanB, the creator of the renowned Stock-2-Flow (S2F) model, has once again captured the community’s attention with three bullish Bitcoin (BTC) forecasts.
In a YouTube video recently uploaded, the S2F creator shared bold predictions. In the short term, PlanB sees Bitcoin soaring to above $50,000 before the upcoming halving event scheduled for April. The S2F model creator noted in the YouTube video:
I think in the next four months towards the halving, we will start to see Bitcoin rise even further towards $50,000 [to] $60,000 region.
This prediction aligns with historical trends, where Bitcoin often experiences a surge in buying activity in anticipation of halving events, which cut the block reward by 50%.
PlanB’s Long-Term Vision: A Rally To $532,000
Looking further ahead, PlanB’s projections become even more ambitious. The S2F model creator foresees Bitcoin breaking past its all-time high to reach $100,000 later this year.
According to PlanB, this prediction gains credibility with the recent US Security and Exchange Commission (SEC) approval of spot Bitcoin ETFs, a milestone development for the crypto market.
By 2025, PlanB’s vision for Bitcoin will reach a monumental peak of $532,000. This long-term forecast, underpinned by the S2F model, suggests a future where Bitcoin cements its status as a digital store of value and profoundly disrupts traditional financial paradigms.
PlanB’s confidence in these targets is bolstered by his S2F models and the increasing institutional acceptance of Bitcoin.
I expect $55k bitcoin at halving, $100k in 2024, $532k in 2025:https://t.co/TSo7TpNfzb pic.twitter.com/mQaXM5Qabb
— PlanB (@100trillionUSD) January 10, 2024
Bitcoin Current Bull Run: Beyond $48,000 And Rising
Amid PlanB’s predictions, BTC is riding a bullish wave following the landmark approval and trading of spot Bitcoin exchange-traded funds (ETFs) in the US. The asset has leaped from its 24-hour low below $45,000 to over $48,000, demonstrating a 5.7% increase in the last 24 hours.
This surge is accompanied by a dramatic spike in trading volume, indicating heightened investor interest and market activity. PlanB is not alone in forecasting a bright future for BTC. Finance guru Robert Kiyosaki recently projected a $150,000 target for BTC, largely influenced by the expected influx of institutional investment through spot ETFs.
BITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon. Gold to the moon as Central Banks buy , store, and never sell. Silver to crash as silver stackers sell to pay bills, caused by rising inflation. Great news for silver stackers. Time to buy more as silver crashes.…
— Robert Kiyosaki (@theRealKiyosaki) January 10, 2024
While the exact timing of this milestone remains uncertain, the consensus among experts points to a significant potential for Bitcoin’s price escalation shortly.
Adding to the bullish sentiment, BTC has seen a significant increase in high-value transactions, a trend not seen in nearly two years. Analyst Ali reported significant transactions exceeding $100,000 among Bitcoin whales.
Santiment’s data further corroborates the growing interest in Bitcoin, with a notable uptick in social dominance and spot ETF-related discussions. This heightened social interest since mid-October last year underscores the impact of investor sentiment and social dynamics on Bitcoin’s market trajectory.
Featured image from Unsplash, Chart from TradingView
Read More from Samuel Edyme on www.newsbtc.com
