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Quantitative analyst PlanB is updating his Bitcoin price target for the first quarter of 2022 and reveals when he thinks BTC will see a hyperbolic surge where it outperforms all other assets.
In an interview with Bitcoin bull Anthony Pompliano, the widely followed crypto analyst says that based on his various models, there’s a possibility for the BTC price to ascend as much as 700% by early next year.
“I guess we will be above $100,000, above $135,000 at the end of the year, and then we’ll continue to grow maybe towards to stock-to-flow X (S2FX) model target [at] $288,000 or even above. I would not be surprised even to see in Q1 in Q2 next year prices of $300,000, $400,000 [or] $500,000.”
In other trending Bitcoin News today: Crypto Analyst Alex Krüger Predicts Bitcoin Price for End of 2021, Says $1 Million BTC Inevitable in the Long Run!
In a new interview with YouTuber and crypto strategist Scott Melker, Krüger predicts that Bitcoin will eventually hit the $1 million price tag. However, he says the timeframe for the price target is up for grabs.
“One million Bitcoin? I think it will happen, most definitely. I have no idea when. I think it’s way out there.”
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Show Notes / Resources:
https://cointelegraph.com/news/bitcoin-soft-fork-days-away-as-taproot-upgrade-closes-in