Bitcoin (BTC) $288,000 by 2024
PlanB is a well-known Bitcoin analyst in the crypto space. He has come up with a new model that says that the price value of Bitcoin will explode to $288,000 by the end of the year 2024.
Bitcoin S2F Cross Asset Model
The crypto analyst PlanB was the first who originally came up with the Bitcoin’s stock-to-flow (S2F) model and applied the ratio of stock-to-flow (S2F) model to the price value of Bitcoin. Now he has introduced a new updated model ‘Bitcoin S2F Cross Asset Model’ which suggests that the value of the leading digital asset Bitcoin is going to reach $288,000 in the next crypto cycle (2020 – 2024).
According to PlanB:
“S2FX model estimates a market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020–2024) of $5.5T. This translates into a BTC price (given 19M BTC in 2020–2024) of $288K. Solidifying known facts from the original S2F study, the S2FX model offers a new way of thinking about BTC transitioning into the fifth phase.”
The crypto analyst explains further this new updated Bitcoin Stock-to-flow model and says that in order to give the next prediction of the leading digital asset he has made some changes to the existing model and has integrated some new assets such as Gold and Silver to the model. Therefore, it has been regarded as a cross-asset model.
“With the phase transition perspective of BTC clusters as different assets, I can now add other assets like silver and gold to the model. This makes it a real cross asset model. I call this new model the BTC S2F cross asset (S2FX) model. S2FX model enables valuation of different assets like silver, gold and BTC with one formula.”
PlanB has given his third prediction about the price value of the leading digital asset. Before this, he predicted that the Bitcoin’s price will hit $55,000 in the same period (2020 – 2024). After that, he said that Bitcoin will go as high as $100,000 by the end of 2024. Now with the new model, he is seeing Bitcoin’s price at $288,000 in the next crypto cycle.