Bitcoin (BTC) has surged past $70,000, with PlanB, the creator of the stock-to-flow model, predicting it could reach $150,000 by the end of 2024. This prediction follows the Bitcoin Halving 2024 event, which PlanB believes has stabilized Bitcoin miner revenue.
Historically, the stock-to-flow model has accurately predicted Bitcoin’s price movements. PlanB’s analysis suggests that Bitcoin might average around $500,000 between 2024 and 2028.
Former President Donald Trump has also stated that Bitcoin may soon overtake silver and potentially gold in market cap.
Additionally, spot Bitcoin ETFs have seen significant inflows, and market analysts anticipate volatility as US elections approach. Other predictions suggest Bitcoin could hit $100,000 by year-end and $150,000 by mid-2025.
