Here’s When Bitcoin (BTC) Will Soar to $100K and $1M, According to PlanB’s S2F

The creator of the Bitcoin stock-to-flow model, PlanB, has doubled down on his bitcoin predictions for this bull cycle.by the crypto analyst, BTC will surge past $100,000 this year and possibly touch the $500,000 mark next year, rallying within the $250,000 and $1 million range.them in October 2022 when the cryptocurrency was below $20,000. At the time, he said the increased BTC scarcity stemming from the Bitcoin halving will pump the asset’s value like it did in 2012, 2016, and 2020.

Although the Bitcoin S2F model has been criticized in recent years for its inaccuracy, PlanB’s analysis has recorded a few wins. Most recently, hethat BTC would rally as the halving approached and that the event would take place while the asset’s value hovered between $55,000 and $60,000. The predictions came through, with BTC hitting an all-time high of $73,700 before the halving and retracing to $63,000 during the event. It remains to be seen when the cryptocurrency will cross $100,000 this year and reach the $500,000 target next year.Last month, the crypto analyst said May marked the beginning of a new countdown to the next halving scheduled for 2028.

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