Widely followed quantitative analyst PlanB says that Bitcoin (BTC) is likely to experience explosive growth heading into next year's halving event.
The pseudonymous quant analyst tells his 1.8 million Twitter followers that the king crypto (Bitcoin) will likely follow the stock-to-flow (S2F) model and, before the year's end, soar more than 588% from its current value of $29,069, reaching $200,000 and also previously predicted Bitcoin will soar to $532,000 after its 2024 halving.
"$100,000 is the bottom of my $100,000-$1 million range around $532,000 S2F model value after 2024 halving."
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