In a fun update from a big Bitcoin expert named PlanB, he says Bitcoin’s money value will jump super high, even over $100,000, by 2024. PlanB talked about this on his YouTube channel, looking at what has happened with Bitcoin before and guessing what might happen next because of special events.
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- PlanB, a smart Bitcoin expert, thinks Bitcoin’s money value will zoom past $100,000 in 2024, reaching new top scores.
- His guess comes from a special “stock-to-flow” chart that looks at the number of Bitcoins around and the number of new ones popping up. It shows that Bitcoin might hit an average of $500,000 after a big event called halving.
- PlanB believes Bitcoin is on a path to grow significantly, which is exciting news for anyone interested in It. Big halving events on the horizon usually push Bitcoin’s value way up.
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Bitcoin Set to Soar Beyond $100,000 in 2024, Predicts Cryptocurrency Expert Plan B
Recently, Bitcoin’s value rose, reaching $71,000, or $10,000 more than just a month before. This big jump happened before a special Bitcoin event, halving, which usually makes Bitcoin’s value even higher. PlanB saw a cool pattern where Bitcoin’s value reached the top three times, once early in 2021, another time in October 2021, and the last one right before this halving thing. He thinks this means Bitcoin will keep doing well.
PlanB uses a special way of guessing Bitcoin’s future value, called the “stock-to-flow” model. This method looks at the number of bitcoins and the new ones being made. Based on this, PlanB thinks Bitcoin’s value could go super high, maybe even $500,000, after the halving.
PlanB also looked at how Bitcoin’s value changes over time, showing that it’s moving into a time when it might grow a lot. Even though its value might jump up and down a bit, he’s positive about where it’s going. He also used some cool tools to check how Bitcoin is doing, like the RSI and the 200-week moving average, and everything seems to say Bitcoin is strong and will keep growing.
With all this information, PlanB thinks Bitcoin will grow significantly and even more rapidly as time passes. This is exciting news for people who have Bitcoin or are thinking about getting some, especially with these big events coming up that usually increase Bitcoin’s value.
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