A prominent analyst predicted bitcoin to reach $1 million next year

A bitcoin analyst with the pseudonym PlanB has shared possible prices for digital gold in 2024-2027. His forecast is impressive: by the end of next year, BTC could jump to $1 million. But this must be preceded by a series of interesting events.

PlanB is a Dutch institutional investor with 25 years of experience in the financial markets, known as a master of Bitcoin modeling. He has almost 2 million followers on X.

In March 2019, PlanB created a model Bitcoin Stock-to-Flow (S2F)in which he used the deficit to quantify the value of bitcoin. A year later, the expert presented a model Stock-to-Flow Cross Asset (S2FX)which includes gold, silver, diamonds and real estate.

Here is the development scenario Bitcoin prices he sees for 2024-2027:

• October 2024: is a traditionally successful month for the crypto market. Bitcoin reaches $70,000.
• November 2024: Donald Trump wins the US presidential election. Bitcoin rises to $100,000.
• December 2024: After the launch of the first bitcoin ETFsA fund that invests in bitcoin or related assets, then divides its portfolio into shares and places them on the exchange., there is a huge influx of investment. BTC is rapidly rising to $150,000.
• January 2025: cryptocurrency companies and specialists are returning to the United States. Bitcoin continues to grow. The price is already $200,000.
• February 2025: Power Law supportersInvestors who follow the power law theory of bitcoin growth, selling their assets, perhaps believing that this is a peak or a good point to exit. carry out large-scale asset sales. The price of BTC drops to $150,000.
• March 2025: Bhutan, Argentina, and Dubai officially recognize bitcoin as legal tender. The price of BTC rises to $300,000.
• April 2025: The Trump administration begins creating a strategic bitcoin reserve for the United States. BTC reaches $400,000.
• May 2025: other countries (except for the EU) join the race to accumulate bitcoin. BTC rises to $500,000.
• June 2025: Several AI platforms start using Bitcoin for automated arbitrage tradingUsing the difference in the price of one asset on different cryptocurrency exchanges.. The price of bitcoin is already $600,000.
• July-December 2025: mass panic in the crypto market begins due to the fear of missing out on the opportunity to get rich (FOMO). Bitcoin reaches an all-time high of $1,000,000.
• 2026: after the active distribution phase, the price of bitcoin drops to $500,000.
• 2027: the bearish trend returns to the market. The price of BTC drops to $200,000.