Renowned financial and cryptocurrency analyst Plan B, who blogs under the pseudonym Plan B, has predicted that the price of Bitcoin would rise in the future and is positive for both this year and next. This is based on his Stock-to-Flow (S2F) for Bitcoin model.
Plan B made a forecast on the impending Bitcoin halving event.
Bitcoin to top $300K in 2025: Plan B
Prominent financial expert Plan B offered his analysis on the much-awaited halving of Bitcoin and its expected effects on the price of the biggest cryptocurrency.
He thinks that the basic event connected to Bitcoin mining this time won’t be any different from the ones that have happened before. The analyst’s tweet indicates that the anticipated increase in Bitcoin price would be mostly driven by the halving once more.
According to Plan B, the first cryptocurrency in history will trade for more than $300,000 in 2025 and more than $100,000 this year. Additionally, the tweet states that Plan B anticipates buying Bitcoin just prior to the halving and selling it “eighteen minutes” after it beats the typical “buy and hold” plan.
https://x.com/100trillionUSD/status/1780586891735101653
Upon being questioned in the comments section about whether his Bitcoin stock-to-flow model is still performing as anticipated, the analyst revealed that “S2F is performing like clockwork.”
Bitcoin to surpass gold: Plan B and Adam Back
Plan B received a response from cypherpunk Adam Back, who founded Blockstream and invented the Bitcoin Lightning Network. Back stated that in the upcoming market cycle, he believes Bitcoin would do better than gold.
He was echoed by Analyst Plan B, who predicted that Bitcoin will triumph over gold due to its “2x scarcity/S2F.” Additionally, he informed Back that his forecast of $300,000 for Bitcoin in 2025 is only “the low end of the $250k-$1m range.”
https://x.com/100trillionUSD/status/1780591295326552075
$2 billion in Bitcoin moved right before halving
https://x.com/whale_alert/status/1780819399789723859
Two massive Bitcoin transactions, each containing 16,276 BTC and valued at about $1,006,601,602, have been seen by Whale Alert. While the second transfer went from one anonymous wallet to another, the first was routed to the Binance exchange.
These transfers appear to have started on Binance, though, since the large exchange has announced a plan to convert all of its users’ SAFU cryptocurrency into USDC stablecoins in an effort to increase the security of the assets.
