PlanB is confident in the growth of bitcoin in 2023 or 2024
Next year, there may be another wave of exodus of users from centralized cryptocurrency platforms and the flow of assets to third-party wallets. This forecast was voiced by ENCRY Foundation Roman Nekrasov. The expert recommended to watch the updates of the Trust Wallet.
“We should expect the growth of the TWT token,” Nekrasov suggested.
In addition, he called startups that appear on launchpads on exchanges, including Binance Launchpad, promising for investment. According to the crypto expert, the profitability of tokensales has decreased, and somewhere showed a negative profitability. But on the other hand, companies that conducted IDOs on the Binance platform are showing “pretty good for a bear market” results.
“This is largely due to the increased market share of Binance since the departure of FTX. This is partly due to the desire of investors to maximize profits in an openly bear market. In any case, part of the portfolio can be directed to projects with Binance Launchpad, but first, of course, after carefully studying them. It’s not worth investing in every contract,” the specialist warned.
And the well-known crypto analyst PlanB reiterated his confidence in the major growth of the main cryptocurrency in 2023 or 2024. The expert is the developer of the “stock-to-flow” model, which was created on the basis of the ratio of the number of available assets and its value.
It seems that the pattern created by Plan B is indicative of a massive rise in bitcoin. The analyst said he was confident in her. It can only be ineffective if “Bitcoin just dies.”
“If we assume that the 2019 model is correct, then given the price of bitcoin after the halving around $55,000, we will see an increase at the next halving. I take a very wide range, although many people do not like it, but Bitcoin will cost from $100,000 to $1 million. I am sure of this, so the current prices for BTC are just very profitable,” PlanB said during a recent interview.
Analyzing the short term, PlanB noted that the first crypto coin will feel the bottom of the bottom over the coming weeks.
