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βοΈ Cryptoπ’ BullishImportance 7/10
Bitcoin Could Average $500,000 This Cycle, According to Updated S2F Model by PlanB
π€AI Summary
Quantitative analyst PlanB has updated his Stock-to-Flow (S2F) model for Bitcoin, projecting an average price of $500,000 by 2028. This represents a significant bullish forecast for Bitcoin's price trajectory over the current market cycle.
Key Takeaways
- βPlanB has released an updated version of his Bitcoin Stock-to-Flow model.
- βThe updated S2F model forecasts Bitcoin could average $500,000 by 2028.
- βThis price prediction represents substantial upside potential from current Bitcoin levels.
- βThe forecast is based on Bitcoin's stock-to-flow ratio analysis methodology.
Read Original βvia U.Today
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