- Quant analyst PlanB predicts explosive growth for Bitcoin as the halving event approaches.
- He believes Bitcoin will follow the stock-to-flow model and reach $200K by the end of the year, with 588% increase.
- PlanB sees the 2024 halving as a catalyst for new all-time highs for Bitcoin.
- PlanB attributes Bitcoin's value increase to wider adoption, noting there are only 1 million Bitcoin addresses with more than 1 BTC.
- He highlights that when liquidity is injected into the markets, Bitcoin has outperformed gold and stocks over the past decade.
- PlanB has previosly predicted that Bitcoin will reach $532,000 after the 2024 halving event.
Where as Coinpedia says post-event is expected to cause some disruption and instabilities in the market. By halving the amount of Bitcoin in circulation, a scarcity is established, which raises interest in the currency and drives up demand, maintaining the price of BTC.
Coinpedia predicts - Given the present market trend, the price might therefore increase to a maximum of $74,967.47 by the end of 2024.
