PlanB, the author of the Stock-2-Flow (S2F) model, is fully committed to his advocacy campaign for Bitcoin (BTC) and has released three fresh positive price estimates.
Potential Bitcoin price targets
PlanB predicts that Bitcoin will reach $55,000 in value prior to the next halving event. April is the planned month for this halving event, which will result in a 50% reduction in the Bitcoin block reward to 3.125 BTC. Preceding these halving occurrences there has been a significant purchasing frenzy, supporting PlanB’s forecast.
PlanB predicts that the price of Bitcoin will reach $100,000 later this year, surpassing the all-time high (ATH). It is important to note that PlanB has been calling for this price objective for a while. This time, however, is different since there are now spot Bitcoin Exchange Traded Funds (ETFs) available as a result of the historic permission that the US Securities and Exchange Commission (SEC) issued on January 10.
Long term, according to PlanB, he believes the price of the leading cryptocurrency will reach a peak of $532,000. The seasoned trader estimated that this incredibly positive price call will occur in 2025. PlanB used his famous Stock-2-Flow methodology to support his price expectations, as shown in the attached YouTube video, which gave the projections more credibility overall.
PlanB’s has relatively conservative outlook
Bullish as the call from PlanB is, it is somewhat conservative when compared to other notable Bitcoin bulls like Samson Mow.
The leading Bitcoin investor thinks that in the long run, the spot Bitcoin ETF products would spur the price of Bitcoin to $1 million per coin. Samson Mow remains by his projections, even if this is a significant drop from the currency’s current price of $46,257.75. He hopes to get a single award when the coin reaches that all-time high.
