Bitcoin will become more expensive than gold and reach $500,000
Blogger PlanB predicts that after the upcoming halving, Bitcoin will become scarcer than gold and real estate, possibly reaching prices in the region of $500,000.
He bases his predictions on the Stock-to-Flow model. Plan B points to an increase in Bitcoin's 200-week moving average price and assumes that the asset will not fall below $31,000 again. It did not specify a specific time frame for the price to reach $500,000.
At the end of January, ex-CEO of BitMEX Arthur Hayes suggested that Bitcoin would fall below $35,000 due to various factors, including Fed policy, military conflicts and the US elections. Other analysts are also making their predictions, but the exact time frame remains unclear.
Founder of MN Trading Consultancy Michael van de Poppe noted that Bitcoin is in a consolidation phase, after which he expects a movement to $48,000 before halving. #Write2Earn #TradeNTell. $BTC