The Last Prediction of the Analyst Who Draws the Bitcoin Trajectory Correctly!

Cryptocurrency fans and investors are eagerly awaiting the analysts’ latest Bitcoin prediction. With Bitcoin trending sideways in the wake of recent price swings, many are turning to analysts to gain a better understanding of the cryptocurrency’s direction. Recently, the comments of Plan B, a famous analyst, have attracted attention. Here are the details…

Analyst expects $532,000 in 2 years for Bitcoin

Famous Bitcoin (BTC) analyst Plan B recently predicted that the price of Bitcoin will reach an astonishing $532,000 by 2025. This forecast is called the S2F model and comes from the well-known pricing model for gold, silver and BTC with limited supply. Plan B created this model four years ago and argues that it remains valid today.

The S2F model measures scarcity based on Bitcoin’s immutable “issuance” model and Bitcoin’s 21 million supply cap. According to Plan B’s tweets, the S2F model correctly predicted the Bitcoin price pump after the 2020 halving. Now, the model predicts another pump after the 2024 halving. Plan B acknowledges the margin of error in the S2F model, but believes the Bitcoin price will reach $532,000 by 2025.

PlanB responds to criticism

Taking into account the wide margin of error, the S2F model predicts that after the 2024 halving, the Bitcoin price will be in the $100,000 to $1 million range. The Bitcoin halving is expected to occur around March next year, reducing the mining reward per block from the current 6.25 BTC to 3,215 BTC. In response to criticism that the S2F model is “wrong/invalid/broken”, Plan B emphasized that the rise in BTC price after the 2012, 2016 and 2020 halvings is not a coincidence unrelated to the halving. Plan B argues that the limited supply of 21 million, the supply schedule, and the 4-year halving cycle are fundamental to the BTC price.

Plan B’s prediction of a Bitcoin price of $532,000 by 2025 is a bold claim, but it has a track record of making successful predictions using the S2F model. While there is always uncertainty in any financial market, the analysis of Plan B is one that many Bitcoin investors will follow closely. For many, the next halving event in 2024 will be an important test for the S2F model, and it will be interesting to see if Bitcoin accurately predicts price action once again.

cryptocoin.com As we reported, the last Bitcoin halving took place on May 11, 2020, reducing the block reward from 12.5 BTC to 6.25 BTC. The next Bitcoin halving is scheduled to occur in May or June of 2024, reducing the block reward to 3,125 BTC per block. This event is expected to have a significant impact on the Bitcoin ecosystem as it will reduce the rate at which new Bitcoins are added to circulation.

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