Stock-2-Flow (S2F) founder PlanB just took to the X platform to reaffirm his Bitcoin (BTC) price target of $500,000. He stated that his future guidance for the coin has not changed over the past three years, when Bitcoin’s price was trading at just $20,000. This latest prediction is one of the boldest for the coin looking ahead to 2025.
Factors driving price growth – halving and rising
PlanB highlighted two of his previous posts on X, in which he made some predictions about the future prospects of Bitcoin.
One of these posts dates back to October 2022, while he shared the other one last year. In the former post, the analyst noted that his future guidance for the next three years for Bitcoin takes into account the 2024 halving event. He noted that the halving could significantly increase the price of BTC.
PlanB is convinced that the bulk of the impact of the Stock-2-Flow (S2F) model will occur this year. This ultimately validates the S2F target of approximately $500,000 projected for this year.
Before the end of Q4 2024, Bitcoin's price hit $100,000 and surged as high as $108,000, setting an all-time high (ATH).
The coin has pared its gains so far. At press time, the coin is trading at $94,591.42 amid a 1.16% surge in the last 24 hours. According to his latest prediction, PlanB has reached the $100,000 level of his list. In addition to the $500,000 mid-range target, he said that the coin could trade in the high range of $250,000 to $1 million.
Bitcoin’s New Price Range Target for 2025
PlanB's price target for Bitcoin may seem insurmountable to some market watchers, but it's worth noting that it lines up with predictions from other experts.
General BTC price predictions for 2025 have noted that the coin’s valuation could fall in the range of $150,000 to $300,000. Several experts believe that the potential establishment of a strategic Bitcoin reserve in the US will be a key event that could help propel the coin to new highs in 2025.