In a recent prediction revealed on April 17, crypto analyst “Plan B” forecasted that the Bitcoin price would surpass $300K by 2025, with expectations of reaching $100K by December 2024.
Bitcoin Moonshot Prediction is Fueled by the Upcoming Bitcoin Halving
Plan B shared their forecast on X, emphasizing the positive influence of Halvings on BTC’s price. They believe the upcoming Halving will not be different.
IMO this bitcoin halving will NOT be different:
– All bitcoin price increase will again be around the halving
– Buying 6m before the halving and selling 18m after the halving (green line) will outperform buy&hold
– BTC > $100k in 2024
– BTC top > $300k in 2025 pic.twitter.com/lCZjnuoYMO— PlanB (@100trillionUSD) April 17, 2024
Bitcoin halving occurs every four years, reducing the rate at which new coins are created by half.
Plan B’s prediction is based on the Stock-to-Flow (S2F) model, which evaluates Bitcoin’s scarcity by comparing the circulating supply (stock) to the new supply entering the market (flow).
According to the S2F model, as the supply of new Bitcoins decreases due to halving events, the scarcity of Bitcoin increases, potentially leading to higher prices.
The Bitcoin price is expected to benefit from the increasing scarcity after the halving event and the growing institutional interest in Bitcoin, such as spot Bitcoin ETFs and Ordinals.
In addition, Plan B shared insight regarding the timing of buying and selling Bitcoin around the halving event. The idea is rooted in the concept that Bitcoin’s price typically rises leading up to and following a Halving event due to the reduction in supply.
BTC traders tend to capitalize on the anticipated price increase by purchasing Bitcoin just before the halving, while the prediction to sell shortly after the halving, within a timeframe of around “18 minutes,” is based on the notion that the BTC price surges immediately after the halving event.
Plan B further explained that this strategy outperforms the conventional “buy and hold” trade concept, which involves holding onto Bitcoin for a long period regardless of short-term price fluctuations.
Agree, bitcoin must take out gold because it will have 2x scarcity/S2F. My “BTC top > $300k” is the low end of the $250k-$1m range. Last cycle I took the high end and BTC decided to go low end, let’s see how this will work out.
— PlanB (@100trillionUSD) April 17, 2024
Meanwhile, Plan B expressed its sentiment that Bitcoin will perform better than gold, stating that Bitcoin’s scarcity will be twice that of gold after halving, and the initial $300K price projection is conservative within its estimated range of $250,000 to $1 million.
Plan B Bitcoin Price Prediction Aligns With Industry Analysts
Plan B’s Bitcoin forecast aligns with other experts in the field. Ark Invest’s Cathie Wood, Standard Chartered Bank, and New York best-selling author Robert Kiyosaki are all optimistic about Bitcoin’s price trajectory post-halving.
During the Bitcoin Investor Day conference in New York on March 22, Cathie Wood forecasted that BTC’s price could soar to $2.3 million per coin.
Meanwhile, Standard Chartered Bank raised its year-end forecast to $150,000, projecting a peak of $250,000 in 2025 before it settles around $200,000. Recall that Kiyosaki predicted Bitcoin price to rise to $100K by June 2024.
BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024
— Robert Kiyosaki (@theRealKiyosaki) March 6, 2024
Notably, Glassnode predicted that spot Bitcoin ETFs would be major catalysts to pump BTC’s price in 2024, with around $70 billion of new capital projected to enter the market via these Bitcoin products.
The Bitcoin price is currently trading around $63,400 marking a 3.46% rise in the last 24 hours. As the Bitcoin halving approaches, Bitcoin enthusiasts and global communities eagerly anticipate a potential bullish run.