Bitcoin Could Hit $524k Until 2027, PlanB Says

It has been just revealed that Bitcoin could hit $524k in the next four years. Check out the latest reports about this below.

According to on-chain analyst PlanB, Bitcoin (BTC) has the potential to reach an astonishing $524,000 within the next four years.

PlanB confidently shared a chart with his 1.8 million followers on the social media platform X, which depicts the price at which the majority of BTC was distributed during each halving, when miners’ rewards are halved.

Based on the historical trend that BTC appears to top out about 4x higher than the lower end of the distribution range, PlanB is convinced that the crypto king could soar above the half-million dollar range in the next few years.

He also notes that the next bull run may be even more explosive than the past due to several macro factors, including the impact of Covid-19 on the 2021 cycle.

“At 2012 halving, most Bitcoin was