- PlanB predicts Bitcoin reaching $70K in October, spurred by classic market momentum.
- Trump win could push Bitcoin to $100K, reversing perceived anti-crypto policies in the U.S.
- PlanB sees Bitcoin legal tender in Bhutan, Argentina, Dubai by March, hitting $300K.
PlanB, the creator of the Bitcoin stock-to-flow (S2F) model, has projected that Bitcoin could reach $1 million if former President Donald Trump wins the upcoming U.S. presidential election. He believes that a Trump victory would lead to significant market shifts, ending the current administration’s crypto policies and attracting institutional investors through ETFs, driving Bitcoin prices sharply higher.
Bitcoin Price with Trump Victory
PlanB anticipates that Bitcoin could start surging in October, potentially reaching $70,000. A Trump win in November would likely push Bitcoin to $100,000, marking a pivotal change in market dynamics. He further predicts that December could see Bitcoin hit $150,000, fueled by institutional investment and a favorable market environment.
Just a scenario:
— PlanB (@100trillionUSD) September 24, 2024
– Oct: classic pump month. BTC 70k
– Nov: Trump wins election, ends democrats Biden/Harris/Warren/Gensler war on crypto. BTC 100k
– Dec: massive ETF inflow. BTC 150k
– Jan: crypto people/companies return to US. BTC 200k
– Feb: Power Law crew sells. BTC 150k
-… pic.twitter.com/CbJLTi07Ob
The trend is projected to keep on into January 2025. Plan B proposes that crypto firms should be returning to the United States. This could, as a result, boost Bitcoin to $200,000. By February, however, a market correction might occur as major investors sell, dropping the price to $150,000. Despite this, the scenario envisions more growth in March. Bitcoin might become legal tender in countries like Bhutan, Argentina, and Dubai, which could drive the price to $300,000.
Bitcoin Nears $65,000 Key Resistance Amid Market UncertaintyU.S. Strategic Bitcoin Reserves
In April, PlanB forecasts that the U.S. could start building a strategic Bitcoin reserve. This move, under Trump’s leadership, might elevate Bitcoin’s value to $400,000. By May, other countries could join the race to accumulate Bitcoin, pushing prices to $500,000. According to the scenario in June, Bitcoin might be traded strategically by artificial intelligence systems. This could drive the price even more to $600,000.
Plan B forecasts even more demand in the second half of 2025. Strong FOMO (fear of missing out) influence might propel Bitcoin to a fresh all-time high of $1 million.
By 2026, a correction phase might bring the price down to $500,000. PlanB also foresees a bear market in 2027, which could further reduce Bitcoin’s value to $200,000.
Alternative Political Outcome
Regarding an alternative election outcome—that of Kamala Harris’s victory—PlanB proposed a different path when questioned. He thinks this result might cause more regulatory pressure on Bitcoin. Figures like Gensler and Warren might acquire more influence and carry on initiatives deemed as anti-crypto.
Plan B also speculates about the enforcement of unrealized capital gains taxes. Still, he points out that Bitcoin would keep running free irrespective of American politics. It is also important to mention that during this press, Bitcoin trades at $63,853.82. The price reflects a 0.07% increase in the past 24 hours and a 2.87% rise over the past week.
