tl;dr
Quant analyst PlanB is bullish on Bitcoin, stating it is far from its peak in the current four-year cycle according to the stock-to-flow model, which predicts a value of $500,000 based on scarcity fundamentals. PlanB believes Bitcoin is undervalued at its current price of around $104,000 and is at t...
Quant analyst PlanB delivers a bullish forecast for Bitcoin, asserting that the cryptocurrency is undervalued and at the onset of a promising bull market. According to PlanB, Bitcoin currently trades around $104,000, which is significantly below the stock-to-flow model’s predicted average value of $500,000 for the ongoing four-year cycle.
The stock-to-flow model, a tool that evaluates price movements based on scarcity, suggests Bitcoin's value will continue to soar as limited supply drives demand. PlanB highlights that, with three years remaining in this cycle, Bitcoin could potentially experience gains up to 860%, translating to price targets ranging between $250,000 and $1 million.
Addressing his 213,000 YouTube subscribers, PlanB notes that Bitcoin is still far from reaching its cycle peak and believes the current market setup reflects the very beginning of a new bull run. He references the January 2024 ETF introductions, which led to a brief “fake loop” in bull market territory, before settling back to levels historically linked to the start of sustained upward trends.
In summary, PlanB’s analysis frames Bitcoin as a highly undervalued asset with substantial growth potential within the current four-year cycle, reinforcing the broader narrative that scarcity fundamentals will continue to fuel its price momentum.
At the time of this analysis, Bitcoin trades near $104,300, positioning investors at a pivotal moment that could define the cryptocurrency’s trajectory in the years ahead.