PlanB, the most famous cryptocurrency blogger, has named the date when bitcoin will reach $ 100,000

The author of the S2 °F bitcoin rate forecasting model and the most famous cryptocurrency blogger PlanB shared his own forecasts of the future value of the market’s flagship. According to him, after the 2024 halving, BTC will reach $ 100,000 in 2025.

According to PlanB on its official Twitter page, BTC $61,040.00 Bitcoin 1.07% Market capitalization $1.2 trillion VOL. 24 hours $0.71 billion passed a cyclical low ($ 15,500) in November 2022 amid the collapse of the FTX crypto exchange. If BTC reaches $ 32,000 in the near future, the analyst believes, it will confirm the possibility of the token’s movement to $ 60,000 ahead of the 2024 halving. After that, there will be a breakthrough to $ 100,000, PlanB is sure.

«There is no doubt in my mind that we are heading to that range, between $ 100,000 and $ 1 million, no matter how you all look at it. The current price makes no sense. So yes, I’m very optimistic ,» the crypto blogger emphasized.

As a reminder, in December 2022, PlanB said that bitcoin could soar to $ 1 million based on the circular supply model. (The circular supply model predicts changes in the value of an asset by comparing its current price to the rate of mining of its supply.)

«If we assume that the original 2019 model is correct, when BTC was worth $ 55,000 and then more than halved, then the next rise could lead to prices — and I’m making a very broad range, some people don’t like it — between $ 100,000 and $ 1 million,» PlanB said.