Bitcoin News Today: PlanB Forecasts Bitcoin Hitting $300,000 by 2026 Amid Bullish On-Chain Metrics

PlanB, a well-known cryptocurrency analyst, has once again made headlines with a bold forecast that Bitcoin could reach $300,000 by the end of 2026. His prediction, which diverges from prevailing market sentiment, comes at a time when Bitcoin trades around $115,043 [1]. This projection builds on PlanB’s previous controversial forecasts, including those for late 2021, which failed to materialize and drew criticism from the crypto community [1]. Despite the skepticism, PlanB remains confident in his modeling, citing macroeconomic and structural trends that could drive Bitcoin to his proposed price level.

Central to PlanB’s forecast is his stock-to-flow (S2F) model, which he claims pioneered for Bitcoin by applying principles traditionally used for scarce commodities. The model posits that an asset’s price is driven by its scarcity, as measured by the ratio of existing supply to annual production. Based on this model, PlanB outlines a price range for Bitcoin between $250,000 and $1 million, with an average estimate of $300,000 to $600,000 [1]. He argues that the current price is above all major realized price groups, a sign of a classic bull market. According to PlanB, this structure suggests no bearish signals and indicates the potential for continued upward movement.

PlanB also emphasized the importance of on-chain metrics, such as the "realized price" indicator. This metric reflects the average price at which Bitcoin has been transacted over different timeframes. The fact that Bitcoin’s current price is above all these averages—ranging from six months to two years—reinforces his view that the market is in a strong phase. He explained that this pattern historically aligns with bullish cycles, adding credibility to his prediction [1].

The divergence between PlanB’s forecast and mainstream sentiment underscores the ongoing debate within the cryptocurrency space. While some analysts remain cautious about regulatory risks and market volatility, others, like PlanB, believe Bitcoin’s unique supply dynamics position it for long-term growth. However, it is important to stress that PlanB’s model and projections are not binding on the market. Bitcoin’s price is influenced by a wide range of factors, many of which are unpredictable.

In conclusion, while PlanB’s $300,000 price target by 2026 is ambitious and controversial, it reflects a broader narrative of confidence in Bitcoin’s scarcity-driven value. Investors are advised to approach such forecasts with caution, recognizing that financial predictions—especially in speculative markets—should not be taken as guarantees of future performance.

Source:

[1] PlanB Predicts Bitcoin Skyrocketing to $300,000 by 2026 End (https://en.coin-turk.com/planb-predicts-bitcoin-skyrocketing-to-300000-by-2026-end/)