PlanB, creator of the Stock-2-Flow (S2F) model, Bitcoin $96,632.0 He reaffirmed his $500,000 price target for . He stated that the target he set three years ago, when the Bitcoin price was only around $20,000, was valid. This statement stands out as one of the most ambitious predictions made for 2025.
Halving and Institutional Adoption Will Contribute to Price Increase
PlanB referred to his previous statements about the future of Bitcoin. In his post in October 2022, he stated that the halving event that will take place in 2024 could significantly increase the BTC price. PlanB stated that it believes this prediction is still valid. The expectation that the price of Bitcoin will reach $500,000 in 2025 is reinforced by the halving expected to occur this year and the increasing interest of institutional investors.
Bitcoin price is currently trading at $94,591.42. However, according to PlanB’s prediction, Bitcoin could reach $100,000 in the short term. Experts predict that Bitcoin could reach a value between $250,000 and $1 million.
New 2025 Target for Bitcoin Price: $500,000
General forecasts for Bitcoin predict that the coin could be valued between $150,000 and $300,000 in 2025. However, the US’s creation of a strategic Bitcoin reserve and greater entry of institutional investors into the market could push the value of Bitcoin to new highs. MicroStrategy stands out as one of the companies leading this trend. The company recently purchased 2,138 BTC for $209 million, increasing the total amount of BTC to 446,400.
The price of Bitcoin may change depending on market dynamics. However, the halving and the influence of institutional investors could seriously affect Bitcoin’s value. PlanB’s $500,000 estimate becomes an even more likely target when these factors are taken into account.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
