Analis Quant PlanB di 5,800% Bitcoin Rasanbleman ap vini, rele pri aktyèl la yon 'vòlè'

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Analis Quant PlanB di 5,800% Bitcoin Rasanbleman ap vini, rele pri aktyèl la yon 'vòlè'

The popular quantitative analyst PlanB is doubling down on his forecast of a massive rally for Bitcoin (b).

In a new interview with crypto analyst Scott Melker, PlanB di Bitcoin could soar more than 5,800% based on the stock-to-flow model he is well-known for.

The stock-to-flow model predicts an asset’s value changes by comparing its current price to the rate at which its supply is mined. Bitcoin’s supply will become squeezed with the next halving event scheduled in 2024.

"Si nou sipoze ke ansyen modèl la, modèl orijinal 2019 la kòrèk, modèl $55,000 la, Lè sa a, pwochen mwatye a ta ka mennen nan pri yon kote - epi mwen fè yon seri trè laj, gen kèk moun ki pa renmen li - men yon kote. ant $100,000 ak yon $1 milyon.”

PlanB says he is confident of the forecast unless his model is proven invalid or “Bitcoin dies.”

Nan moman ekri a, Bitcoin is changing hands at $16,841. A price rally to $100,000 would increase the top digital asset’s current value by 494%. To reach $1 million, Bitcoin would need to increase in price by 5,837%.

“I have no doubt whatsoever that we go to that $100,000-$1 million range, and no matter how you look at it, the current price is a steal if that’s what you believe. So yeah, I’m very optimistic.”

In the near term, PlanB previously te di ke yon Bitcoin bottom could form sometime within the next three months. He said Bitcoin typically reaches a bear market low about 18 months after hitting a record-high price.

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