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Plan B analyst predicts bitcoin’s growth to $ 1 million by 2025
A popular crypto analyst under the pseudonym Plan B shared his opinion on the future of bitcoin: the flagship digital asset will grow to $ 1 million by 2025, the expert believes. As for 2023, the strategist expects the BTC to grow to $ 100,000.
In his new YouTube video, Plan B said that the 4-year cyclical bottom of BTC $55,696.89 Bitcoin -2.70% Market capitalization $1.1 trillion VOL. 24 hours $2.68 billion is already behind us, as evidenced by the token’s January pump, the analyst explained. Plan B predicted the beginning of another bull market, estimating bitcoin’s price prospects in the range of $ 100,000 to $ 1 million within Z years.
«In fact, it could be even more than $ 100,000 this year. The pre-influx stock model on which my forecast is based points to $ 500,000,» the expert said.
Plan B is known for its stock-to-influx model, which tries to predict the price of HTS based on its shortage. Its concept assumes a parabolic jump in the price of the asset every 4 years due to halving, which reduces the production of bitcoin during such intervals.
In 2022, many experts criticized Plan B’s predictions because they did not come true. The analyst claimed that in late 2021 and early 2022, bitcoin would rise above $ 100,000, but this did not happen.
It is worth noting that January 2023 was the most efficient month for bitcoin, according to the analytical company Glassnode. According to experts, the flagship cryptocurrency has grown by 38% since the beginning of the year. Previously, the asset was so pleasing to its owners back in October 2021, when the BTC exchange rate gained 41%. Analysts also noted that the panic outflow of cryptocurrencies from centralized crypto exchanges as a result of the FTX collapse is gradually ceasing.