{"id":134443,"date":"2024-07-30T08:00:59","date_gmt":"2024-07-30T05:00:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134443"},"modified":"2024-07-30T01:29:49","modified_gmt":"2024-07-29T22:29:49","slug":"bitcoin-predicted-to-double-by-the-end-of-2024-here-is-why","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-predicted-to-double-by-the-end-of-2024-here-is-why\/","title":{"rendered":"Bitcoin Predicted to Double by the End of 2024 &#8211; Here is Why"},"content":{"rendered":"<p>PlanB mentioned that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>miner revenue has stabilized since the Bitcoin Halving 2024 event, reducing the likelihood of miner capitulation and subsequent selling pressure. He expects Bitcoin to reach $150,000 by the end of 2024.<\/p>\n<p>PlanB\u2019s forecast is based on historical mining data and his stock-to-flow model, which evaluates the ratio between Bitcoin\u2019s circulating supply and its annual issuance. Responding to a follower\u2019s query about Bitcoin potentially topping at $140,000, PlanB disagreed, suggesting instead that Bitcoin could average $500,000 between 2024 and 2028.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Miner revenue bottomed after April 2024 halving.<br>\nI expect bitcoin price to double from today in 3-5 months. <a href=\"https:\/\/t.co\/JoiQ4jeE4I\" rel=\"nofollow\">pic.twitter.com\/JoiQ4jeE4I<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1817892693869011411?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 29, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-134439\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Bitcoin ETFs have seen significant inflows over the past three weeks, with analysts expecting this trend to continue. The upcoming US Federal Reserve meeting is anticipated to be a key event for the crypto market, though most investors expect rates to remain unchanged in August, with a possible 25 bps cut in September.<\/p>\n<p>As the US elections approach, further volatility in Bitcoin\u2019s price is expected. PlanB\u2019s predictions are echoed by Spot-on-Chain, which forecasts Bitcoin reaching $100,000 by the end of the year and $150,000 by mid-2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin recently surged to around $70,000, with PlanB, the creator of the stock-to-flow model, predicting the cryptocurrency could double its value in the next 3-5 months.<\/p>\n","protected":false},"author":3,"featured_media":50630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,424,243,108,378],"coin_category":[],"class_list":["post-134443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-crypto","tag-federal-reserve","tag-price","tag-us-federal-reserve"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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