According to Quantitative Analyst PlanB, Bitcoin (BTC) Is Aiming for $10,000,000 Amid Worldwide Crypto Popularity
PlanB, a quantitative analyst, predicts that a dramatic acceleration in Bitcoin’s rate of worldwide acceptance might drive the leading cryptocurrency to astounding new heights.
The pseudonymous strategist argues in tweets that the most compelling portion of Bitcoin’s adoption s-curve is just around the corner.
Frequently, the adoption s-curve is used to track the cumulative rate at which individuals adopt innovative technologies.
According to PlanB, Bitcoin’s adoption rate is about to accelerate at an unprecedented rate, which might push its price to $10 million by 2028.
“If Bitcoin acceptance is currently between 1% and 5%, then we will enter the S-curve over the next few years. On the logarithmic scale, this indicates exponential growth until 50% adoption. For those who think linearly, everything will shift. Bitcoin may be significantly undervalued.
“Although I have appreciated Bitcoin’s growth over the past decade or more (particularly the investment returns), I eagerly anticipate the vertical portion of the S-curve during the next halving phase (2024-2028).”
Plan B is well-known for applying the stock-to-flow scarcity model to Bitcoin (BTC), which divides an asset’s entire supply by the new collection entering the market to estimate future price movements.
Based on this model, PlanB projects that Bitcoin’s next peak will occur around 2025, with a price between $100,000 and $1,000,000.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.