Later this year, PlanB expects the price of Bitcoin to soar beyond the all-time high (ATH) to a high of $100,000. It is worth noting that this has been PlanB’s call for some time now. The difference this time is the presence of spot Bitcoin Exchange Traded Funds (ETFs) following the granted by the United States Securities and Exchange Commission (SEC) on Jan. 10.
In the long term, PlanB said he expects the price of the top cryptocurrency to touch a high of $532,000. The veteran trader pegged the timeline for this extremely bullish price call in 2025. As revealed in the accompanying YouTube Video, PlanB backed his price forecasts using his iconic Stock-2-Flow model, thus granting additional legitimacy to the projections as a whole.
The top Bitcoin investor believes the spot Bitcoin ETF products will catalyze the price of Bitcoin to $1 million per coin in the long term. While this is a far cry from the coin’s current price of $46,257.75, Samson Mow , and he wants a lone accolade when the coin hits that historic high.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
