How Trump’s win in November can snowball BTC to $1m

PlanB, the analyst behind the popular Bitcoin Stock-to-Flow (S2F) model, recently shared a speculative scenario on X, outlining a bold projection for Bitcoin’s future.

The timeline outlines a number of political and economic shifts that could propel Bitcoin past $100,000. The scenario shows Bitcoin hitting $1 million by the end of 2025 due to many factors, including political, institutional, and worldwide acceptance.

Expect positive impact from Trump’s potential re-election

According to the scenario, the price of Bitcoin will be $70,000 in October 2024 because this period is usually positive for the crypto market. A complete shift of events is expected to happen in November 2024 with the probability of Donald Trump being re-elected as the US president.

In this case, Trump’s win could mean the end of regulatory pressure on cryptocurrencies, which has been associated with the Biden administration and key figures, including Gary Gensler of the SEC. Once the regulatory barriers are lifted, Bitcoin may rise to $100,000, which will make the conditions in the United States even more suitable for crypto companies.

Plan B further stated that the price will rise further in December 2024 due to the approval of more Bitcoin exchange-traded funds. The institutional investments through ETFs could trigger Bitcoin to $150,000. By early 2025, the reentry of crypto companies to the US market due to favorable laws can propel the price of Bitcoin to $200,000.

By March 2025, the acceptance of Bitcoin in several countries such as Bhutan, Argentina, and Dubai as legal tender is predicted to raise the price of Bitcoin to $300,000. This increasing global acceptance of Bitcoin as a currency may lead to increased use and higher prices.

Predictions of all-time high prices and subsequent bear market

In this other scenario, he stated that by April 2025, the US could start constructing a strategic Bitcoin reserve, as it does with gold. This could easily push Bitcoin to $400,000. Within the next five months, there is likely going to be a worldwide race among countries to accumulate Bitcoin, excluding the European Union, which will push the price to $500,000.

Another factor in this case is the incorporation of artificial intelligence in the use of Bitcoin in the financial markets. According to the prediction, the price of Bitcoin is expected to surge to $600,000 by June 2025 through the use of AI systems to regulate conventional financial markets using Bitcoin.

By the end of 2025, the FOMO effect among investors is expected to take Bitcoin to its highest price of $1 million. However, this rapid growth is not expected to be sustained in the future. A distribution phase in 2026 could again take Bitcoin to $500,000 and a bear market in 2027 with Bitcoin price going as low as $200,000.

Even though PlanB’s scenario paints a rather positive and aggressive picture of Bitcoin’s future, not everyone is on board with this scenario, with some people stating that Plan B’s prediction will not happen.