What is PlanB Bitcoin Prediction? PlanB's Bitcoin S2F model predicts $500K+ average after 2024 halving. He also claims that Bitcoin will reach $100,000 by 2024, citing the halving of the currency.
PlanB's Bitcoin S2F model predicts $500K+ average after 2024 halving
81% of those who participated in a PlanB Twitter poll believed that the price of Bitcoin will remain below $500,000 by 2027, but the creator of the stock-to-flow model, a former institutional investor, begs to differ, predicting that the price will average $500,000 or more after the 2024 halving.
PlanB has also put it that the situation is very much similar to March 2019 when he published the S2F model and BTC was below $4K, PlanB said “Majority thought S2F prediction of $55K after 2020 halving was crazy.” Bitcoin stock-to-flow uses scarcity to quantify Bitcoin value.
A Bitcoin halving is the process of halving the rewards of mining Bitcoin after each set of 210,000 blocks is mined. A Bitcoin halving would reduce the number of new coins available by halving the rewards for mining Bitcoin as more blocks are mined. If demand is still high, prices might increase as a result. Typically, a price halving is followed by a sharp price increase.
Following the most recent halving, which occurred on May 11, 2020, bitcoin's price continued to rise for a full year after the event, increasing by more than 559%.
Hopefully, reading this article, "What is PlanB Bitcoin Prediction? How High Will Bitcoin Go After Next Halving?" can help you to understand it better.
