The prediction made by Plan B was related to the approaching Bitcoin halving event.
He believes that this time the fundamental Bitcoin mining-related event will not be different from previous ones. According to the tweet published by the analyst, the halving will again be central driver for the Bitcoin price increase that is expected to follow.
Plan B expects the world’s pioneer cryptocurrency to surpass the $100,000 level this year and go well beyond the $300,000 price mark in 2025. Besides, according to the tweet, Plan B expects Bitcoin purchasing to be done right before the halving and the selling performed “18 minutes” after it outperforms the average “buy and hold” strategy.
When asked in the comments whether his Bitcoin stock-to-flow model continues to play out as expected, the analyst shared that “S2F playing out like clockwork.”
Analyst Plan B agreed with him on that, adding that BTC will win against gold since Bitcoin is going to have “2x scarcity/S2F.” He also reminded Back that his $300,000 prediction for Bitcoin for 2025 is merely “the low end of the $250k-$1m range.”
However, these transactions seem to have originated on Binance – the major exchange has announced an initiative transferring all of its customers’ SAFU crypto into USDC stablecoins to boost the funds’ security in this way.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
