Bitcoin price could double to $140,000 in the next three to five months, according to Plan B, the creator of the stock-to-flow model. This prediction comes as BTC breaks the $70,000 mark.
Plan B highlights that Bitcoin’s miner revenue has bottomed following the April 2024 halving, suggesting that only the most profitable miners remain. This change is expected to lead to increased difficulty and a higher S2F ratio.
Bitcoin surged to over $73k in March 2024 but fell below $60k in June due to miner sell-offs and macroeconomic factors. Analysts are optimistic about a rebound, with potential catalysts like the upcoming U.S. election and clearer crypto regulations.
Justin Sun emphasizes the need for China to advance its Bitcoin policies to benefit the industry. Michael Saylor also predicts a long-term BTC price of $49 million by 2045. The market is closely watching these developments for future growth.
