Although Bitcoin (BTC) is currently experiencing a sideways trading pattern, the majority of the crypto sector maintains confidence that the asset is poised for significant price growth in the future. Indeed, the upcoming halving event in 2024 is viewed as a possible catalyst that could elevate the maiden crypto‘s value.
In this regard, crypto trading analyst PlanB discussed several pricing models in a YouTube video on July 28, which could offer room for Bitcoin to grow toward the $1 million level. He highlighted that historically, Bitcoin has recorded price jumps after previous halving events, focusing on the Stock-to-Flow (S2F) model.
Bitcoin valuation models. Source: PlanB
PlanB elaborated on the significance of the model and its relation to Bitcoin’s scarcity and price. He emphasized that the S2F model has demonstrated a notable correlation between Bitcoin’s scarcity and market value.
The fundamental premise of the model lies in the notion that scarcity plays a crucial role
We współpracy z: https://finbold.com/this-price-model-hints-btc-could-explode-to-1m-after-2024-halving/
