BITCOIN IS HEADING TO $5 MILLION!! PLAN B EXPLAINS HIS LONG-TERM BTC PRICE PREDICTION!!

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Bitcoin $5M Prediction

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Plan B, quantitative Bitcoin analyst and the creator of the popular stock-to-flow (S2F) model explains why he sees Bitcoin trading at $5 million in the future and for that, he is not selling his BTC.

“Maybe that all-time high could be reached this year and the low the year after in 2022 but after that there will be another halving in 2024. So 2025 and the years after that will be actually much much more interesting than the next two years. 

And yes, the S2F models predict prices ranging from $1 million (for the normal stock-to-flow model) to $5 million (for the stock-to-flow x model).

My eyes are, by the way, on those price levels ($1m to $5m) more than on the $100k to $288k so I’m not selling. Maybe some to just survive the bear market but yeah.”

In other breaking Bitcoin News today: Brazil considering new law to allow all workers to be paid in Bitcoin!

A draft bill seeking to allow Brazilian workers to be paid in bitcoin was presented to the country’s Deputies Chamber on November 5.

“Money was one of the greatest creations in the history of humanity,” per the draft bill. “It allowed us to rise from a primitive barter-based society to an extremely complex and productive society.”

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://bitcoinmagazine.com/markets/brazilian-draft-bill-to-allow-workers-to-be-paid-in-bitcoin

https://cryptopotato.com/bitcoin-price-to-5-million-s2f-model-creator-explains-his-long-term-prediction/

https://cointelegraph.com/news/bitcoin-s-consolidation-is-normal-analysts-set-80k-btc-price-target

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