Plan B predicts Bitcoin to reach $300,000 in 2025
Analyst PlanB stated that the current halving cycle is no different from the previous ones. In 2024, he expects Bitcoin to hit $100,000, and peak at $300,000 in the following year. According to him, the best strategy remains buying the primary cryptocurrency six months before the block reward halving and selling it 18 months after the event.
"Bitcoin should replace gold because its scarcity/Stock-to-Flow model will double. My 'maximum' at $300,000 is the lower bound of the range from $250,000 to $1 million," the expert added. Responding to a user's question, Plan B emphasized that nothing changes two days after the halving. However, he noted a "slight" price increaseâfrom $34,000 in October 2023 to $62,000 at the moment.
The expert foresaw further doubling within 6-10 months after the halving of miner rewards, followed by another two to four-fold increase at the FOMO top. In parallel, MN Trading founder Michaël van de Poppe published several of his market expectations. He predicts Bitcoin consolidation and an "altcoin surge" paired with the primary cryptocurrency. According to him, the narrative will shift towards Ethereum, DeFi, and RWA in the future.
The altseason will begin in the summer, and a significant correction will occur in the third quarter, the analyst believes.
Earlier, Animoca Brands founder Yat Siu stated that he has no doubt about Bitcoin reaching the $1 million mark.
Recall that Euro Pacific Capital president Peter Schiff doubted the ability of exchange-traded Bitcoin funds to push the price of the underlying asset to $100,000.
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