PlanB predicts BTC will rise to $500,000 in four years
Bitcoin analyst PlanB, based on historical data and patterns from its stock-to-flow model, forecasts a price target of $500,000 for BTC over the next four-year cycle.
PlanB pointed to Trump's proposed establishment of a national BTC reserve as a potential driver of its demand, and hinted that this could increase buying pressure for "200,000 BTC per year."
The model assesses the value of BTC based on its limited supply and the scheduled halving, indicating that its price will increase significantly after each halving event.
It is worth mentioning that while PlanB expects the BTC price to reach $500,000 in this cycle, it added that its price varies widely, between $250,000 and $1 million.