Quantitative crypto analyst PlanB says that Bitcoin (BTC) is gearing up for months of new all-time highs.
In a new video update, crypto strategist PlanB tells his 200,000 YouTube subscribers that 2025 will have many months that will see the top crypto asset by market cap reach heights it hasn’t witnessed before.
“Historically, if we have an all-time high in price, there’s a high probability that we’ll see more all-time highs in price. We saw that in 2020, 2021, in 2017, and in 2013.
A new all-time high leads to another all-time high [and] a whole bunch of other all-time highs. So yes, we had an all-time high in December [of] 108,000, but not the closing price. However, I do expect for 2025 that we’ll see many more months with all-time highs similar to the previous bull markets.”
According to PlanB, the flagship digital asset’s average price for the next four years is $500,000. However, he notes that it will likely not be exactly $500,000 and fall somewhere between $250,000 and $1 million.
“The stock-to-flow model looks forward in time and it gives a 2024-2028 target of an average price of about $500,000…
The rule of thumb: one standard deviation band is about two times the 500,000, which is 1 million, and 500,000 divided by two, which is 250,000, so we have a wide range of 250,000 to 1 million where I expect the average of the four-year price cycle to be.”
The stock-to-flow model compares the supply of an asset or commodity with its flow of production.
Bitcoin is trading for $98,445 at time of writing, a 1.6% increase on the day.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here