PlanB: The bull market is not over yet! Bitcoin will rise above $300,000 after halving

This site (120bTC.coM): According to the Bitcoin halving countdown data, there is less than 1 day left before the fourth halving, which is expected to occur in April Beijing time It will start around 9 a.m. on the 20th. Due to the fact that shortly after halving events occurred in the past, Bitcoin often experienced a "halving market" that drove the currency price to grow significantly; but now many people believe that there may not be another halving market this time.

Different from previous halving events, Bitcoin has risen by 110% before the fourth halving arrives, which makes some analysts believe that this time, unlike the previous situation, the halving market will It has been reflected by the market in advance that this halving may trigger a Sell the News event, causing Bitcoin to plummet.

PlanB reiterates that the halving is coming

However, PlanB, an anonymous analyst known for creating the Bitcoin stock-to-flow ratio model (S2F), posted a message on Wednesday to share a chart saying that in his opinion, this The next Bitcoin halving won’t be any different from the previous ones:

• Bitcoin rally will revolve around the halving again

• After the halving Buying in the first 6 months and selling 18 months after the halving (green line) will outperform simply buying and holding

• Bitcoin will rise above 10 in 2024 Ten thousand US dollars, and will rise to a maximum of over 300,000 US dollars in 2025.

In this regard, Adam Back, CEO of Bitcoin infrastructure company Blockstream, believes that in this market cycle, Bitcoin will outperform gold. PlanB replied: Agreed, Bitcoin will definitely replace gold, because Bitcoin will have twice the scarcity under the S2F model. My prediction that Bitcoin will rise to more than 300,000 US dollars is actually between 250,000 US dollars and 1 million US dollars. Forecast low between the USD range, last cycle I chose the high forecast, but Bitcoin decided to go low, this time let’s see how it turns out.

Previously, PlanB predicted earlier this month that the price of Bitcoin will "inevitably" reach $100,000 this year, and that the average price will reach $500,000 next year, and that the peak price will exceed this average level. , it may be 600,000, 700,000 US dollars, or even touch 1 million US dollars. He believes that it is currently in the early stages of a bull market, and the bull market is expected to last for about a year.

Replying to netizens’ arguments that the predictions are inaccurate

But what should not be too FOMO is that a netizen questioned on the 17th that PlanB’s past predictions were inaccurate, and PlanB responded: I made the prediction that Bitcoin would reach $55,000 in March 2019. At that time, Bitcoin was below $4,000. Now it is at $62,000. I and everyone who follows the S2F model have made a profit of 15 times.

Remind investors that this Bitcoin halving is also accompanied by risks such as the Federal Reserve being at a 23-year high, regional crises, etc. Please be sure to do a good job in risk management and control.

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