What is PlanB's bitcoin price prediction for 2024?

Stock-to-flow crypto analyst PlanB Bitcoin price prediction now stands updated to touch $288,000. The famed BTC analyst says that by 2024 multiple factors would contribute towards a meteoric rise in Bitcoin price, helping it touch $288,000. My third #bitcoin article! "Bitcoin Stock-to-Flow Cross Asset Model (S2FX)".

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.

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.

What are PlanB's 3 bitcoin models?

PlanB says his three models are the S2F, which is traditionally used in the commodities markets to derive price based on the flow of supply, another model which utilizes on-chain signals, and lastly a floor model that aims to find the lowest possible price for Bitcoin.