Planb analyst predicted BTC growth to $ 100,000 after halving
What happened? Anonymous Analyst Planb said in an interview with Cryptotraider Benjamin Cowen that the bitcoin exchange rate http://ncrypto.site/?p=74 will grow to $ 100,000. The expert noted that, despite the state of the market after the collapse of the FTX cryptocurrency, the asset has a year and a half to restore. It is then that the next Halving BTC is expected. According to Planb, the weakening of monetary policy can become a catalyst for the growth of bitcoin quotations. On November 25, 13:10 Moscow time, BTC is traded at $ 16,436, decreasing by 1.02% per day, according to Binance.
Halving – a double reduction in the miners for the mined block in the blockchain laid in the Bitcoin code. Initially, miners received 50 BTC, on November 28, 2012, the number dropped to 25 BTC, July 9, 2016 – to 12.5 BTC, May 11, 2020 – to 6.25 BTC. The next reduction to 3.125 BTC is expected ~ in May 2024.
What else did Planb say? According to the analyst, when the logarithmic regression and the Stock to Flow (S2F) model will cross, the BTC rate will be in the region of $ 100,000.
The S2F model to predict the bitcoin course measures the relationship between the available asset margin and its production volume.
Planb emphasized that the bottom of the bear market is achieved about 18 months after the establishment of record maxima. So it was in 2015 and 2019, and will be in 2022, the expert believes. According to the analyst, as soon as the bottom is achieved, the quotes of bitcoin will begin to grow. Planb noted that this can happen within 3 months.
Previously interviewed by Kommersant, analysts said that Bitcoin will be able to exceed $ 100,000, but not earlier than 2024-2025. In anticipation of halving, Bitcoin miners will begin to accumulate mined coins, a shortage forms on the market and prices will go up, experts say.
In June, the co -founder of Ethereum Vitalik Buterin criticized the S2F model. According to him, this financial instrument is harmful, because it gives a false sense of confidence that the price of the asset will grow.
November 10, 2021 Planb predicted an increase in bitcoin to $ 500,000 by the beginning of 2022. He then stated that, in accordance with S2F, the price of BTC can grow to $ 100,000 to the summer of 2022. May 4 Planb adjusted the forecast to $ 55,000.
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