PlanB: Bitcoin will grow by 1000% in the coming years

Crypto analyst PlanB predicts that bitcoin BTC $65,678.91 Bitcoin 0.50% Market capitalization $1.3 trillion VOL. 24 hours $0.52 billion could grow by 1000% in the coming years. In an analysis published on the X platform, the expert draws attention to previous bitcoin growth cycles that show a similar development: initial significant growth, a short-term slowdown, and then an even more rapid price increase.

The crypto analyst recalled that during the bull market of 2017, the price of bitcoin initially quadrupled, followed by a slowdown in price dynamics. However, this was only a temporary phenomenon, and soon the market experienced a 10-fold price jump, which led to new historical highs. In the 2020−2021 cycle, the situation was similar: after an initial 4-fold increase by the end of 2020, the price rose again, this time by 7 times.

PlanB believes that the current cycle may follow a similar scenario. Given that the price of bitcoin has already quadrupled since 2022, the analyst assumes a possible further increase of 700%-1000%. If this forecast comes true, the price of bitcoin could reach $ 400,000 to $ 550,000 by the end of the bull market.

At the time of writing, bitcoin is trading at $ 60,905. Traders have made daily trading deals with the coin worth $ 35 billion.