Crypto expert PlanB predicts a potential 860% surge in Bitcoin's price this cycle, citing its undervaluation compared to his stock-to-flow model.
He believes Bitcoin is at the start of a new bull market, with historical patterns and the launch of U.S. spot Bitcoin ETFs in January 2024 as key indicators.
PlanB's stock-to-flow model estimates Bitcoin's price could range between $250,000 and $1 million during this cycle, highlighting a long-term bullish outlook.
Despite short-term volatility, PlanB remains optimistic about Bitcoin's future trajectory in the coming years.