In a recent social media post, cryptocurrency analyst Plan B expressed optimism for Bitcoinâs future, stating that after the ETF fake-out earlier this year, the cryptocurrency is now poised for a significant upward movement. He highlighted that his Stock-to-Flow model predicts an average price of $500,000 for bitcoin, with a bandwidth ranging from $250,000 to $1 million. Notably, Plan B emphasized that this projection is based on the original 2019 model, which has been refitted with five years of new data, maintaining the same parameters and yielding consistent results: $55,000 leading to $500,000 and potentially reaching $4 million.
Analyst: Stock-to-Flow Model Forecasts $500K per Bitcoin
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