Bitcoin’s price is moving up after a 0.66% spike in a 24 hour span, trading at around $77,000, CoinMarketCap data shows. BTC has surged by 27.82% over the next month, which could mean the beginning of a long-awaited crypto bull season.
In a recent post on X (formerly Twitter), PlanB, the pseudonymous creator of the Bitcoin Stock-to-Flow (S2F) model, shared a bold projection: Over the next 4 years, bitcoin can hit 500k on average, topped out anywhere between 250k to 1m.
Bitcoin ETFs Boost Momentum
The widely followed Stock to Flow model ties BTCs value to its scarcity, and looks at price on the basis the asset’s limited supply. Regardless of rallies recently buoyed by Donald Trump’s election victory, said PlanB’s chart shows the bull phase still remains in its infancy, marked with ‘red dots’ in the model’s latest chart.
Next up are developments, which will add extra momentum to these markers, confirming early growth potential. “The potential growth lies with policy and market shifts like Trump’s plan for National Bitcoin Reserve (with Senator Cynthia Lummis Bitcoin Act), which would have the annual U.S. acquisition of 200,000 BTC and could be done each year over the next 5 years,” he explains.
Additionally, another American digital currency company, Michael Saylor’s MicroStrategy, has announced plans to spend $42 billion On Bitcoin by 2027. With these initiatives, raised demand would strengthen the price of Bitcoin.
At the same time, since Trump’s election we have had $2.294 billion of Spot BTC ETF inflows that PlanB believes will keep growing during the coming months, pushing more buying pressure. Even after previous cycles missed S2F model targets BTC averaged $34,000 last cycle vs model targets of $55,000 PlanB still holds firm to the model’s long term accuracy, noting its previous cycle targets in the range of $25,000 to $100,000.
BTC is currently priced at $76,745, increasing 11.85% in the last week — but with a 40% decrease in 24 hour trading volume to $28.33 billion.
