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Cryptocurrency News Articles
PlanB Predicts Bitcoin Will Hit $1 Million by End of 2025, Tied to US Politics
Sep 25, 2024 at 06:04 pm
Renowned crypto analyst PlanB, the creator of the popular Bitcoin stock-to-flow (S2F) model, is stirring up the crypto world once again with a bold prediction
Crypto analytic luminary PlanB, renowned for his Bitcoin stock-to-flow (S2F) model, has recently unveiled a bold narrative for Bitcoin's price trajectory. Taking to X (formerly Twitter) on September 24, PlanB envisions a scenario where Bitcoin reaches astronomical heights, potentially exceeding $1 million by the end of 2025.
According to PlanB's analysis, if Donald Trump wins the 2024 presidential election, it could mark the end of the "war on crypto." This shift in the political landscape would propel Bitcoin to a fresh all-time high of $100,000 shortly after Trump's victory in November 2024.
The bullish narrative continues throughout 2025. PlanB anticipates Bitcoin will continue to soar, reaching $200,000 by January as crypto firms return to the U.S., enticed by a more favorable regulatory climate.
In April, PlanB predicts that Trump will begin building a strategic Bitcoin reserve, pushing the price to an astonishing $400,000. Finally, between July and December 2025, a wave of "face-melting FOMO" (fear of missing out) will drive Bitcoin to the $1 million mark, as per the analyst's projections.
This forecast by PlanB has garnered attention, but reactions vary. Some commenters find the projections overly optimistic. Crypto trader Mr. Moontastic humorously responded to the prediction, "If all of this will be true, I will run naked in the streets," capturing the skepticism many hold toward such an aggressive prediction.
Meanwhile, other market analysts are focusing on Bitcoin's short-term potential. On the same day as PlanB's post, analyst Rekt Capital suggested that Bitcoin's price could soon experience a breakout.
According to Rekt Capital's analysis, Bitcoin has historically made major moves around 154 to 161 days after its halving events, the most recent of which occurred on April 20 this year.
While PlanB's long-term projections remain in the realm of speculation, Bitcoin's price movements in the shorter term are also being closely watched by analysts. At the time of writing, BTC is trading at the price of $64,233 with a 24-hour trading volume of $24,3 billion. It ranks first on CoinMarketCap with a total market cap of $1,26 trillion.
In other news, a recent analysis by Rekt Capital suggests that Bitcoin's price may soon experience a breakout.
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