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Famous Analyst PlanB explained the scenario that could bring Bitcoin (BTC) up to 5 million dollars.

In a social media post dated March 18, PlanB included the Bitcoin halving cycle. The analyst, pointing out that the halving cycle takes place every 4 years and linearly raises the price, predicted that the price could reach 5 million dollars in the 2028-2032 halving.

In the Bitcoin Stock-to-Flow (S2F) model specially prepared by the analyst, an average price target of 50,000 dollars was set for the 2020-2024 cycle. This 50,000 dollar target was interpreted as the price being able to reach 50,000 dollars before the halving.

Additionally, there was an attention-grabbing target of 500,000 dollars for the 2024-2028 halving cycle.

Stock-to-Flow (S2F) is an indicator that compares the existing supply (stock) of an asset with the production rate (flow). In Bitcoin, S2F is calculated by dividing all circulating Bitcoins (stock) by the amount of Bitcoin produced annually (flow). The higher the S2F ratio, the rarer and more valuable the Bitcoin is considered. This is a valuation method focused on Bitcoin’s limited supply and its resistance to inflation.

The next Bitcoin halving will take place next April, and the reward for miners per block will be reduced from 6.25 BTC to 3.125 BTC.

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