By Nermeen Nabil Khear 
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.”
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
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Bitcoin Will Surpass $250,000, Says Analyst PlanB – Here’s His Timeline appeared first on The Daily Hodl.
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
The post Bitcoin Will Surpass $250,000, Says Analyst PlanB – Here’s His Timeline appeared first on The Daily Hodl. Bitcoin, BTC, News, Plan B
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.