Bitcoin, the world’s most well-known cryptocurrency, has recently surged to around $70,000, catching the attention of investors and analysts alike. According to Plan B, the creator of the widely-followed stock-to-flow model, Bitcoin’s value could potentially double in the next 3-5 months, reaching a staggering $150,000 by the end of 2024. Let’s delve into the reasons behind this bold prediction and what it means for the future of Bitcoin.·
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