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    A Journey To $5 Million Per BTC In The Next Decade


    PlanB, a popular name within the Bitcoin community, thanks to his Stock-to-Flow (S2F) model, has shared the latest discourse on X, igniting a flurry of excitement and speculation. This discourse particularly highlights BTC’s potential journey through successive halving cycles.

    PlanB’s analysis, deeply rooted in the S2F model, presents a narrative for Bitcoin’s future. This model scrutinizes the correlation between an asset’s existing reserves (stock) and annual production (flow) and lays the groundwork for PlanB’s bold predictions.

    Navigating Through Predictions: A Community Aweigh

    According to the model, the forthcoming halving cycle spanning 2020-2024 is expected to solidify Bitcoin’s price at around $50,000. But the real spectacle unfolds in the ensuing cycles, with projections setting the stage for Bitcoin to ascend to $500,000 in the 2024-2028 cycle, eventually reaching a monumental $5 million in the 2028-2032 cycle.

    The predictions made by PlanB have sparked interest and debate among the crypto community. Many are curious to see if Bitcoin will experience the forecasted substantial growth.

    An X user responded to PlanB’s post, expressing hopefulness yet advising caution due to the limited number of data points that can’t definitively predict precise future prices, like an average of $500k from 2024 to 2028.

    PlanB acknowledged this caution, pointing out that his predictions are based on three past halving events and the significant pre-halving period, suggesting that while the Stock-to-Flow model can guide the general trend, its accuracy comes with a considerable margin of error.

    For instance, while the 2020-2024 period was projected to see an average of $55k, the actual figure was around $33k.

    Additionally, another user in the conversation, known as Phoenix of Crypto, remarked that while PlanB’s projection might seem “overly optimistic,” the true outcome remains to be seen, emphasizing the need for patience.

    This user highlighted the uncertainty surrounding Bitcoin’s future, especially considering the potential impacts of ETFs and widespread adoption, signaling an open-minded but watchful approach to market developments.

    Bitcoin Latest Price Action

    Bitcoin is undergoing a notable decline, having decreased by 7.5% over the last week. This downward trajectory has extended into the last 24 hours, with the cryptocurrency dropping an additional 1.5%. Despite these setbacks, Bitcoin’s trading price remains at $67,167 at the time of writing.

    BTC price is moving sideways on the 4-hour chart. Source: BTC/USDT on TradingView.com

    Skew, a renowned trader, has provided technical analysis indicating a critical support range for Bitcoin investors between $60,000 and $67,000.

    This range is seen as a possible pivot point for the market’s direction, concurrently noting the substantial selling activity on leading platforms such as Coinbase and Binance.

    Featured image from Unsplash, Chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.





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