What is the PlanB bitcoin price prediction?

In his April 27 post published on Medium, the PlanB Bitcoin price prediction is based on a refined stock-to-flow model. The new figures come courtesy of his S2F model that counts the BTC value depending on the number of coins entering the market through the mining route in comparison to the current market supply.

What is Plan B's bitcoin stock-to-flow model?

Plan B is the creator of the popular bitcoin price model called stock-to-flow (S2F), which quantifies the commodity’s (bitcoin) scarcity and then divides it by yearly issuance (the flow). The analyst has done well as far as bitcoin ( BTC) price predictions are concerned, but this month one of his calls missed.

Who is bitcoin analyst Plan B?

The infamous pseudonymous bitcoin analyst Plan B is well respected among bitcoiners and has amassed 1.5 million Twitter followers since October 2017. Plan B is the creator of the popular bitcoin price model called stock-to-flow (S2F), which quantifies the commodity’s (bitcoin) scarcity and then divides it by yearly issuance (the flow).

How much will BTC cost in 2024?

Going further, PlanB comes to the conclusion that the BTC market value can touch $5.5T in the next BTC phase. Such a valuation puts the BTC price at around $288,000 in 2024. PlanB Bitcoin price prediction models have also faced flak from crypto fans who question the effectiveness of math used in the complex pricing model.