Bitcoin’s ‘Scarcity Magnet’ Could Drive Prices Toward $1 Million, Says Analyst

Bitcoin’s powerful rally may only be the opening act of a much larger move, according to PlanB, the creator of the Stock-to-Flow (S2F) model and one of the crypto industry’s most influential analysts.

In his latest market update, PlanB said Bitcoin has entered a new phase where scarcity, not speculation, is the main engine of growth. Unlike previous bull runs driven by retail euphoria and leverage, he argues that today’s surge reflects deep macroeconomic forces, from inflationary pressures to persistent liquidity injections by central banks.

“Every major asset is rising – gold, equities, real estate,” PlanB noted. “That’s not random. Governments are still printing, and Bitcoin was built to resist that.”

$100,000 Seen as the New Price Floor

PlanB believes Bitcoin’s $100,000 threshold has flipped from resistance to long-term support, marking a new psychological base. He called this level the gateway to Bitcoin’s maturation as “digital hard money,” adding that the asset’s resilience against inflation will only strengthen as global fiat currencies weaken.

The Power of Scarcity

With only 21 million BTC ever to exist and roughly 19.7 million already mined, PlanB describes Bitcoin’s limited supply as a “magnet” that will draw prices higher as liquidity expands worldwide. His model points to an ambitious target range between $250,000 and $1 million per BTC by the end of the current cycle – not as a fixed forecast, but as a reflection of Bitcoin’s long-term potential in a post-halving environment.

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Macro Tailwinds Strengthen the Case

PlanB’s view aligns with analysts who now frame Bitcoin as a macro hedge rather than a speculative asset. Sticky inflation, low real yields, and dovish central bank policies continue to push investors toward assets with verifiable scarcity.

As institutional inflows remain steady and exchange reserves fall to multi-year lows, the “scarcity magnet” narrative is strengthening – positioning Bitcoin as a beneficiary of the very monetary expansion it was designed to counter.