Bitcoin (BTC) Targeting $10,000,000 Amid Rapid Global Crypto Adoption, According to Quant Analyst PlanB
According to quantitative analyst PlanB, a rapid acceleration in the pace of Bitcoin adoption around the world could catapult the top cryptocurrency to staggering new heights.
In a series of tweets, the pseudonymous strategist says the strongest part of the S-curve of Bitcoin adoption is upon us.
The Adoption S-Curve is often used to track the cumulative rate at which people adopt breakthrough technologies.
According to PlanB, the pace of BTC adoption is on the verge of an unprecedented acceleration that could take the price as high as $10 million by 2028.
“If bitcoin adoption is 1-5% now, we will enter the S-curve vertical in the next few years. On the logarithmic scale (left) this only means more exponential growth up to an acceptance of 50%.
For the linear thinkers (right), everything will change. Bitcoin could be significantly undervalued…
While I’ve enjoyed Bitcoin’s adoption over the past 10+ years (particularly the investment returns), I’m really looking forward to the vertical portion of the S-curve in the next halving period (2024-2028).”
Source: PlanB/Twitter
Plan B is known for applying the stock-to-flow scarcity model to Bitcoin (BTC), which divides an asset’s total supply by the supply entering the market to predict future price movements.
Based on this model, PlanB predicts that the next top of BTC will occur around 2025, with the price ending up somewhere between $100,000 and $1,000,000.
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