Quant Analyst PlanB Says Bitcoin (BTC) on Track To Explode by Over 500% – Here’s the Timeline

Pop­u­lar quan­ti­ta­tive ana­lyst PlanB, known for his stock-to-flow Bit­coin (BTC) mod­el, is express­ing bull­ish sen­ti­ment for the flag­ship cryp­to asset.

In a new inter­view with cryp­to trad­er Ben­jamin Cowen, PlanB says that while the cur­rent sen­ti­ment towards cryp­to is bear­ish due to the dis­in­te­gra­tion of dig­i­tal assets exchange FTX, it wouldn’t shock him if the king cryp­to hit $100,000 after the next halving.

Accord­ing to PlanB, some of the cat­a­lysts that could trig­ger a mas­sive ral­ly for Bit­coin include the end of the Rus­sia-Ukraine war or the loos­en­ing of mon­e­tary policies.

“I know it doesn’t look very well right now with the [col­lapse of] FTX and all the fall­out of the cus­tomers and investors [of] FTX, but we have one and a half years to go [before the next halving]. 

So once the quan­ti­ta­tive eas­ing starts going, or the war in Rus­sia and Ukraine is over, or what­ev­er trig­ger there will be, we could eas­i­ly reach [$100,000]. Let’s say 2024, where the log­a­rith­mic regres­sion and the stock-to-flow mod­el are a crosslink, which is in the $100,000 area. Yeah, I would not be surprised.” 

The stock-to-flow mod­el pre­dicts an asset’s val­ue changes by com­par­ing its cur­rent price to the rate at which its sup­ply is generated.

On whether the cryp­to mar­ket has hit bot­tom, PlanB says that Bit­coin typ­i­cal­ly reach­es a bear mar­ket low about 18 months after touch­ing a record-high price. He notes that the bot­tom could form some­time with­in the next three months.

“The bot­tom of the bear mar­ket is also about a year, one and a half years, after the all-time highs. And that’s also true today. It was true in 2019, in 2015, it’s also true today in 2022. But from the bot­tom of the bear mar­ket, once we hit the bot­tom it will go up. 

So the ris­ing, if you will, is not start­ing at the halv­ing or after the halv­ing. It will start when the bot­tom of the bear mar­ket is reached. And that could be today. Or next month. Or maybe three months from now. But it will come.” 

Bit­coin is chang­ing hands for $16,551 at time of writ­ing, a 2.2% gain on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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