Based

Bitcoin

April

Read

Quite a number of crypto analysts and experts are very optimistic about <a href="https://coingape.com/markets/bitcoin-price-to-70000-sparks-crypto-market-prediction/" rel="noopener noreferrer nofollow">Bitcoin’s</a> (BTC) price tenacity to push through to unprecedented levels in a matter of time. The latest is a $500,000 prediction by a known Bitcoin proponent and market trader PlanB.
<h2 id="strong-planb-projects-500-000-bitcoin-price-ath-strong">PlanB Projects $500,000 Bitcoin Price ATH</h2>
Known as the founder of Stock-2-Flow (S2F) model, PlanB took to the ‘free speech’ social media app X to outline his thoughts on the future outlook of flagship cryptocurrency.
At first, he highlighted his consistency in terms of offering guidance on Bitcoin price and market sentiment. PlanB highlighted a post from October 2022 where he stated that the 2024 Bitcoin halving event would result in scarcity, triggering the price of the coin.&nbsp; To emphasize his point, he referenced the 2012, 2016, and 2020 previous Bitcoin halving years that came with a price surge.
PlanB does not think 2024 will be any different from these historic years. Based on his latest prediction, Bitcoin is likely to climb to $100,000 before the end of this year with an even bigger price surge of $500,000 by 2025.
<blockquote class="twitter-tweet">
 My forward guidance for 2024 and2025 has not changed since Oct 2022 (when bitcoin was below 20k!):
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> rise into April 2024 halving <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> halving around S2F model value $55k <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> pump after halving <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2754.png" alt="❔" class="wp-smiley" style="height: 1em; max-height: 1em;"> 2024: BTC crosses $100k <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2754.png" alt="❔" class="wp-smiley" style="height: 1em; max-height: 1em;"> 2025: reach S2F target $0.5m (range $0.25m-$1m) <a rel="noopener noreferrer nofollow" href="https://t.co/Neet5BQ90W">https://t.co/Neet5BQ90W</a>
 — PlanB (@100trillionUSD) <a rel="noopener noreferrer nofollow" href="https://twitter.com/100trillionUSD/status/1798337240973869087?ref_src=twsrc%5Etfw">June 5, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The crypto enthusiast listed a couple of events including <a href="https://coingape.com/bitcoin-halving-4-0-is-a-success-what-happens-to-btc-price-next/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin halving</a> and the 2025 price jump of Bitcoin, reflecting his positivity on Bitcoin’s future. Of the five items that he featured on his list, PlanB ticked the rise into April 2024 halving, halving around Stock-to-flow (S2F) Model value of $55,000 and the pump after halving, suggesting that they have been completed.
<h2 id="strong-bitcoin-on-its-way-to-achieve-100k-strong">Bitcoin on its Way to Achieve $100K</h2>
The next milestone to hit, according to PlanB’s insight, is getting Bitcoin to $100,000 this year.
This feat may not <a href="https://coingape.com/markets/bitcoin-price-forecast-on-course-to-80000-ath-net-bitcoin-etfs-inflow-eyes-1-billion/" rel="noopener noreferrer nofollow">prove difficult for Bitcoin</a> considering that it currently faces almost no resistance in its quest to reach a new all-time high (ATH). IntoTheBlock data suggests that the coin has found support between $68,730 and $70,833. Riding on this, Bitcoin price is headed to $80,000 by the end of June and to $100,000 at year-end.
This speculation supports an earlier position taken by <a href="https://coingape.com/mike-novogratz-projects-100000-bitcoin-price-tips-regulatory-clarity/" rel="noopener noreferrer nofollow">Galaxy Digital CEO Mike Novogratz</a> on the matter of Bitcoin price. Novogratz explained that if the price of the asset soars to $73,000 next week, it can rally to $100,000 toward the end of the year.
While the journey to achieving $100,000 may be closer than expected, PlanB’s $500,000 prediction seem like a lofty height for Bitcoin to achieve in a matter of a few months. It happens to be one of the highest <a href="https://coingape.com/bitcoin-at-72k-sets-1-5b-liquidation-cascade-willy-woo-predicts-whats-next/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price predictions</a> in the last few weeks.
At the time of writing, the coin is priced for $70,843.97, up by 1.88% in 24 hours.
Read More: <a href="https://coingape.com/bitcoin-price-braces-for-74k-peak-but-ethereum-shows-more-potential-qcp-capital/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Price Braces For $74K Peak But Ethereum Shows More Potential: QCP Capital</a>
The post <a href="https://coingape.com/bitcoin-btc-price-tipped-to-hit-500000-in-2025-by-s2f-creator-planb/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Tipped To Hit $500,000 In 2025 By S2F Creator PlanB</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Bitcoin (BTC) Price Tipped To Hit $500,000 In 2025 By S2F Creator PlanB

Table of Contents

Coingape News Media

Other articles published on Jun 5, 2024

Bull Run Bets: Revolutionizing Online Casino Gaming with AI Integration

XRP Approaches Potential Breakout After Prolonged Consolidation

TeraWulf Achieves Significant Milestones in May 2024 Bitcoin Mining Update

Ripple CEO Reveals When Investors Should Expect An XRP ETF To Be Approved

Cryptocurrency FLOKI Up More Than 6% In 24 hours

Bitcoin Needs To Hold Above $70,000 For Bullish Momentum: Analyst

Join our free newsletter for daily crypto updates!