Bitcoin’s Valuation Model Hints At $500K Cycle Average, Analyst Says

PlanB's Stock-to-Flow model predicts Bitcoin could average $500,000 during the 2024-2028 halving cycle, though other analysts like Bobby A estimate more conservative targets of $200,000-$250,000. Bitcoin is currently trading around $67,300, down from its recent high of $74,000, amid ongoing market consolidation and mixed ETF inflows.

• →PlanB's Stock-to-Flow model projects a $500,000 cycle average for Bitcoin between 2024-2028, with a range of $250,000 to $1 million.
• →Other analysts like Bobby A estimate more conservative targets of $200,000-$250,000 by 2026-2027.
• →The model is based on Bitcoin's supply scarcity following halving events, with the most recent halving occurring in April 2024.
• →Stock-to-Flow faced criticism after Bitcoin failed to sustain projected price levels during the 2020-2024 cycle.
• →Current market pressures include geopolitical tensions and inconsistent spot Bitcoin ETF inflows following initial approval in early 2024.