Bitcoin is trading near $67,300, well off its recent high of $74,000. One well-known analyst says that dip barely matters — he’s looking at a cycle average closer to half a million dollars.
A Model Built On Scarcity
PlanB, the pseudonymous analyst behind the Stock-to-Flow model, says Bitcoin’s price during the current 2024–2028 halving cycle could average around $500,000, with a range stretching from $250,000 to $1 million.
The model is built on a simple premise: as Bitcoin’s supply grows more slowly — thanks to halving events that cut mining rewards roughly every four years — and demand holds steady or rises, the price should follow.
Reports indicate that PlanB is careful to frame the figure as a cycle average, not a ceiling or a guaranteed peak.
Bitcoin halvings reduce the number of new coins entering circulation. The most recent one took place in April 2024. Historically, each halving has been followed by a significant price run. That pattern is the backbo
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