Finst

"We will reach $100.000 by 2024"

Bitcoin is nearing its next halving. A price hike to $100,000 seems inevitable this year, according to PlanB.

By Mike Hesp
• 1 min read

<img width="800" height="450" src="https://cdn.finst.com/marketing/news/en/acd-news/we-will-reach-100-000-by-2024.webp" alt=""We will reach $100.000 by 2024"">

Bitcoin is nearing its next halving. A price hike to $100,000 seems inevitable this year, according to PlanB.

Analyst "PlanB" predicts an increase in the price of Bitcoin to $100,000 this year.

The decisive factor is the upcoming halving, in which the distribution of new Bitcoin will be halved.

After the Bitcoin price rises to the halfway mark, there will be a "pump" after that, PlanB said.

"We will reach 100,000 by 2024," calculates the trader in View post on X.

The prediction is based on the stock-to-flow model adapted to Bitcoin. According to this model, the supply shortage caused by halving pushes the price up in regular spurts. The next halving will be to prediction take place in late April.

However, PlanB has been wrong more often in the past. It predicted an increase to $100,000 by the end of 2021.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.