Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Will Surpass $250,000, Says Analyst PlanB – Here’s His Timeline

Bitcoin Will Surpass $250,000, Says Analyst PlanB – Here’s His Timeline

Daily HodlDaily Hodl2024/11/08 16:00
By:by Daily Hodl Staff

Popular quant analyst PlanB says Bitcoin ( BTC ) is now set up to have a series of big rallies based on historic precedence.

In a video update, the pseudonymous analyst tells his 182,000 YouTube subscribers that his stock-to-flow (S2F) model indicates Bitcoin could exceed $250,000 in the coming years.

His stock-to-flow (S2F) model, which was traditionally used for traditional commodities before he adapted it to Bitcoin, predicts the performance of an asset based on the idea that the price increases as the asset becomes more scarce.

Historically, PlanB’s S2F model has signaled the beginning of strong bull runs immediately after the halving, when miners’ rewards are cut in half, with the printing of a red dot.

“Bitcoin closed October at $70,000 and right now, a couple of days after the election, is already at $76,000, a new all-time high.

So basically we broke the month-long trading range where Bitcoin moved between $60,000 and $70,000… If history is any guide, if the stock-to-flow model is any guide, then we’ll see sharp price increases from here. The red dots will continue…

In short, the stock-to-flow model and I think that Bitcoin’s average price in those four years, in the next four years, will be within $250,000 and $1 million.”

Bitcoin Will Surpass $250,000, Says Analyst PlanB – Here’s His Timeline image 0 Source: PlanB/YouTube

The analyst also says that there are major bullish catalysts coming out of America, including the election of “very pro-Bitcoin” Donald Trump as US President.

US Senator Cynthia Lummis (R-Wyo.) is hoping Trump supports her Bitcoin Act legislation that calls for the creation of a national Bitcoin reserve by buying one million BTC over five years.

PlanB also says that MicroStrategy founder and executive chairman Michael Saylor’s “$42 billion Bitcoin buy program for the next three years” may be a huge boost for the flagship crypto asset.

Lastly, he predicts that the spot Bitcoin exchange-traded funds (ETFs) will continue to grow.

“There’s the ETFs. The inflow is enormous since Trump has been elected as president, and will increase from here. So there’s a lot of reasons why Bitcoin price can increase sharply from where it is today.”

Bitcoin is trading for $76,549 at time of writing.

 

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

WLFIUSDT now launched for pre-market futures trading

Bitget Announcement2025/08/23 13:50

New spot margin trading pair — SAPIEN/USDT!

Bitget Announcement2025/08/22 10:56

Bitget Will Delist MKR on 2025-08-22

Bitget Announcement2025/08/22 10:15