An analyst said that the price of Bitcoin could overcome the $0.5 million mark in the future

A well-known cryptoanalyst calling himself PlanB believes that the main digital coin will rise significantly in price next year. That’s when another Bitcoin halving is expected.

In practice, after the halving, the value of BTC steadily increases and reaches new marks. According to PlanB, in 2024, the price of bitcoin could rise by 1,800%.

“My predictions continue to come true under the S2F model. We should expect $32'000 per Bitcoin, then $60'000 per Bitcoin, before halving. And then $100'000 will be the minimum, and the maximum rate can reach $1 million. But, on average, after the next halving, the rate of BTC should reach $542'000,” the analyst noted.

PlanB also wrote that he believes in his Stock-to-Flow model. According to him, the behavior of the crypto market absolutely corresponds to it, so the criticism of the model in this case is untenable.

And writer and entrepreneur Robert Kiyosaki considers Bitcoin to be “people’s money.” He also believes in the growth of BTC to $100'000.

“Years ago, I watched Bitcoin rise to $20,000 and then fall to zero. I thought it was over and slowly watched Bitcoin rise to $6,000 — then I bought a lot of BTC. Why? Because it’s people who support Bitcoin, not the Fed or the government,” he wrote.

According to Kiyosaki, Bitcoin does not need support from the government. Earlier, the businessman stated that digital assets could become an excellent protection against the collapse of global stock markets, while the change in the value of BTC makes it even more attractive.

Kiyosaki believes that the U.S. dollar may lose its leading position on the world stage. This will be one of the key prerequisites for the mass adoption of cryptocurrencies.