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Plan B for Bitcoin: "I really don't care if it sticks at $ 50,000, $ 100,000 or $ 288,000"


 

According to Plan B, the pseudonymous creator of the Bitcoin Stock-to-Flow (S2F) model, Bitcoin will reach a price of at least $ 100,000 in this Bitcoin halving cycle. However, the Bitcoin proponent has stated that it is not worried about where the price will end up in the short term.

He made the bold Bitcoin price prediction in a recent interview with Dutch technical analyst and YouTuber Madelon Vos, in which he also spoke about his Bitcoin models and his expectations for Bitcoin.

Why Plan B isn't fixated on Bitcoin's short-term price

The development of the Bitcoin course is an important subject of speculation in the crypto market. Even so, Plan B has revealed that it isn't very concerned about the short-term Bitcoin rate. That's because he has a long-term perspective and is already thinking about what prices Bitcoin can reach in the future.

Right now it's very exciting to see if it hits $ 100,000 in the next two years, actually this month and next month, "says Plan B." I'm actually already working on the next cycle because I really don't care whether it stays at $ 50,000 or $ 100,000 or $ 288,000.

His assessment comes at a time when the Bitcoin price has started to gain some momentum. Recall that Bitcoin briefly broke the $ 50,000 mark, hitting $ 51,500 on Friday for the first time since December 8th. The asset is currently trading at around $ 51,000, a slight increase of around two percent over the past 24 hours.

Plan B is not fixated on the current price due to its expectations of the Bitcoin market. The investor believes that Bitcoin is in Phase 5 of its development, where it is expected that institutional investors like Michael Saylor and even nations - like El Salvador - will add Bitcoin to their treasuries. But the negative aspects of this phase, such as the expectation that Bitcoin could be drawn into the geopolitical playing field, are also at play in his opinion.

While talking about the super cycle, he noted that it is not yet time to talk about hyperbitcoinization as it would only become possible when bitcoin's market capitalization reaches the trillion dollar capacity of gold and then the Exceeds $ 100 trillion real estate market capacity.

Is the Bitcoin StocktoFlow model still valid? PlanB speaks up

Despite the recent market criticism of the S2F model's credibility, Plan B stated that the model it created to keep his emotions out of trading decisions is still very much up to date. When asked if he had 100% confidence in the S2F model, he answered with a resounding yes.

As long as Bitcoin price follows a linear path, where it increases as supply decreases and demand increases, the S2F model will continue to apply. However, he acknowledged that the floor model, the model he used to predict that Bitcoin would hit $ 100,000 by the end of the year, was no longer valid. “If it fails, it fails. If it works, it works, ”he said of his models.

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