![](https://investorshub.advfn.com/uicon/580954.png?cb=1676316551)
Friday, May 03, 2024 9:41:36 AM
EXPONENTIAL RETURNS ARE BACK 💸
A $100,000 Bitcoin this year is inevitable.
That’s the latest bullish prediction out from PlanB.
PlanB
For those of you who don’t know PlanB, he is arguably the most famous on-chain Bitcoin analyst.
With over 1.9 million followers on Twitter, he is most well known for his Stock-to-Flow model and spookily accurate price predictions.
So let’s break down his latest market update.
With the latest halving, PlanB’s stock-to-flow model puts Bitcoin’s average price at $500,000.
But the actual price doesn’t just instantly jump to this level…
PlanB believes it’ll slowly increase over the months and get there between 2024 - 2028:
“2024 - 2028 target is still around $500,000 on average.”
PlanB
But what price does PlanB think Bitcoin will reach this year?
$100,000…
Easily…
“It is inevitable that we reach $100,000 in my opinion, because miner revenue has to recover.”
PlanB
PlanB’s reasoning is simple.
Due to the halving, the entire mining industry’s revenue dropped by 50%.
(Daily Bitcoin issuance was cut from 900 to 450 BTC)
That revenue has to recover:
“Usually, the last three halvings, it did recover within 4-8 months. So that’s well within this year. The only way for mining revenue to recover is for price to double.”
PlanB
And with the price hovering around $59,000, that puts us well above PlanB’s target of $100,000 this year.
“Will the price follow the stock-to-flow model again? Will it be exponential returns again? You know my answer, I think stock-to-flow is still valid and I think we will have exponential returns.”
PlanB
PlanB’s stock-to-flow model has received some criticism in the past for being a little off at times…
But he’s still confident that it’s valid.
And if he’s right, we’re all set to benefit greatly. 😎
![Bullish](/static/images/ih2-bull.png)
Recent BTCUSD News
- Ethereum Price Rebounds to $2,500: Is There More Room to Climb? • NEWSBTC • 08/06/2024 03:28:27 AM
- Bitcoin decline is similar to the start of the 2016 bull run: Peter Brandt • Cointelegraph • 08/06/2024 03:09:08 AM
- Bitcoin Drops Hard: Time To Fade The Trend And Buy BTC? • NEWSBTC • 08/06/2024 03:00:54 AM
- Bitcoin Price Bounce Back: Could the Recovery Lose Momentum? • NEWSBTC • 08/06/2024 02:44:26 AM
- Zoth secures $4M to build DeFi yield infrastructure with real-world assets • Crypto Briefing • 08/06/2024 02:31:00 AM
- Crypto Liquidations Cross $1 Billion As Bitcoin Crashes To $51,000 • NEWSBTC • 08/06/2024 01:30:03 AM
- Semler Scientific acquires additional 101 Bitcoin, holdings now at 929 BTC • Crypto Briefing • 08/06/2024 01:20:56 AM
- US Bitcoin, Ethereum ETFs hit $6B volume amid market rout • Cointelegraph • 08/06/2024 12:42:09 AM
- BTC vs MPEPE: Top Analysts Compare Profit Potential Between Bitcoin (BTC) & New Cryptocurrency • NEWSBTC • 08/06/2024 12:03:57 AM
- XRP Ledger Sees Sharp Decline In Major Metric That Threatens To Send XRP Price To $0.2 • NEWSBTC • 08/06/2024 12:02:13 AM
- Clear Bearish Market Structure Flashing for SUI, NEAR and One Additional Altcoin, Says Crypto Analyst • The Daily Hodl • 08/06/2024 12:00:08 AM
- US senators urge CFTC to finalize ban on election betting • Cointelegraph • 08/05/2024 11:37:38 PM
- Bitcoin Price Analysis: What Lies On The Horizon After Crashing Below $50,000 • NEWSBTC • 08/05/2024 10:30:07 PM
- Trump cautions current administration not to sell Bitcoin • Cointelegraph • 08/05/2024 10:13:21 PM
- The Bitcoin bottom is not in — BTC traders set price targets in low $40K range • Cointelegraph • 08/05/2024 09:14:00 PM
- Swan Bitcoin cancels conference amid staff reduction, mining shutdown • Cointelegraph • 08/05/2024 09:04:32 PM
- Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss • NEWSBTC • 08/05/2024 09:00:34 PM
- Crypto market’s ‘perfect storm’ can lead to further massive capitulation • Cointelegraph • 08/05/2024 08:11:51 PM
- Trader Who Called May 2021 Collapse Says Bitcoin Setting Up for 4th Quarter ‘Fireworks’ • The Daily Hodl • 08/05/2024 08:00:50 PM
- Massive Ethereum and Altcoin Collapse Likely Underway As Repeat of 2019 Unfolds: Benjamin Cowen • The Daily Hodl • 08/05/2024 07:55:08 PM
- Bitcoin Crash: Analyst Says A Break Above This Level Will Trigger FOMO • NEWSBTC • 08/05/2024 07:30:13 PM
- Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing • Cointelegraph • 08/05/2024 07:24:58 PM
FEATURED North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • Aug 5, 2024 9:00 AM
Fifty 1 Labs, Inc. and All-In-Extracts Announce Joint Venture to Develop and Release New Testosterone Boosting Supplement • BLEG • Aug 5, 2024 8:30 AM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM