Amid Crypto Bloodbath, Expert Predicts Bitcoin Could Reach $300,000 To $500,000 By 2024
Portfolio Pulse from Murtuza Merchant
Cryptocurrency expert, PlanB, predicts a potential surge in Bitcoin's (CRYPTO: BTC) value, possibly reaching $300,000 to $500,000 by 2024. This prediction is based on the stock-to-flow (S2F) model, which compares an asset's price to its available supply. According to this model, Bitcoin's value could reach $60,000 by the anticipated halving event in April 2024, followed by a significant jump to between $300,000 and $500,000.
August 18, 2023 | 2:48 pm
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Bitcoin's value could potentially surge to between $300,000 and $500,000 by 2024, according to cryptocurrency expert PlanB's prediction based on the stock-to-flow model.
The prediction is based on the stock-to-flow model, which compares an asset's price to its available supply. If this prediction holds true, it could lead to a significant increase in Bitcoin's value, potentially driving up its price.
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