Famous Bitcoin analyst Plan B has recently predicted that the price of Bitcoin will reach a staggering $532,000 by the year 2025. This prediction comes from his well-known pricing model for gold, silver, and Bitcoin with limited supply, called the S2F model. Plan B created the model four years ago, and he argues that it remains valid today.
The S2F model measures scarcity based on the immutable issuance schedule and the 21 million supply cap of Bitcoin. According to Plan B’s tweets, the S2F model correctly predicted the Bitcoin price pump after the 2020 halving, and it also predicts another pump after the 2024 halving. Plan B acknowledges that there are error bands in the S2F model, but he believes that the price of Bitcoin will reach $532,000 in 2025.
The S2F model predicts the Bitcoin price after the 2024 halving to be in the range of $100,000 to $1 million, taking into account the wide error band. The Bitcoin halving is expected to occur around March of next year, reducing the mining reward per block from the current 6.25 BTC to 3.215 BTC.
In response to criticism that the S2F model is “wrong/invalid/broken,” Plan B emphasized that the rise in Bitcoin price after the 2012, 2016, and 2020 halvings is not a coincidence unrelated to the halving. He argues that the 21 million limited supply, supply schedule, and 4-year halving cycle are fundamental to the Bitcoin price.
Plan B’s prediction of a $532,000 Bitcoin price by 2025 is a bold claim, but he has a track record of successful predictions using the S2F model. While there is always uncertainty in any financial market, Plan B’s analysis is one that many Bitcoin investors will be closely watching. The next halving event in 2024 will be an important test for the S2F model, and it will be interesting to see if it accurately predicts the price movement of Bitcoin once again.
#bitcoin #BTC #PlanB #crypto2023 #azcoinnews
This article was republished froma azcoinnews.com
