On February 15th, PlanB published a disclosure: I have transferred my bitcoin to an ETF. Yes, I know, it is not your coin if it is not your private key. But it is more convenient for me to manage bitcoin in the same way as stocks and bonds. Also, not having to worry about private keys gives me more peace of mind. It seems that I am no longer a Bitcoin believer.
Speaking at the PlanB forum in El Salvador, Tether CEO Paolo Ardoino said he was not worried about USDT's competitors, stressing that Tether has built the world's largest digital and physical distribution network. Compared to competitors that rely on investor financing and bank incentives, Tether has expanded hundreds of thousands of partners in developing countries, empowering 400 million users to access the global financial system. Ardoino also pointed out that Tether has helped the US economy...
Crypto analyst PlanB wrote on X that according to its speculation on the trend of Bitcoin's market in the next few years released at the end of September, BTC has basically achieved the first two goals, namely rising to $70,000 in October and rising to $100,000 in November (actually $99,800 but close enough to form the largest monthly candle of $26,000 ever). It added that BTC's next target is to rise to $150,000 in December.
Bitcoin analyst PlanB, based on historical data and patterns from its stock-to-flow model, forecasts a price target of $500,000 for BTC over the next four-year cycle. PlanB pointed to Trump's proposed establishment of a national BTC reserve as a potential driver of its demand, and hinted that this could increase buying pressure for "200,000 BTC per year." The model assesses the value of BTC based on its limited supply and the scheduled halving, indicating that its price will increase significant...
"Bitcoin closed at $70,231 in October, slightly lower than its monthly close of $71,285 in March," crypto analyst PlanB said in a social media post. "Get ready for the US election."
Crypto analyst PlanB posted on the X platform that "$60,000 is the new $10,000", suggesting that Bitcoin's current price action in the $60,000 range could repeat its previous pattern in the $10,000 range. The long-term trend chart of bitcoin realization price shared by PlanB shows that between 2018 and 2020, bitcoin experienced long-term fluctuations in the $10,000 range. Currently, bitcoin prices show similar characteristics in the $60,000 range. This similarity may indicate that bitcoin is abo...
PlanB, a crypto analyst, said in a post on the X platform: "The market is still trading sideways, and the trading range is around 60k, so I can re-enter the market. In addition, Bitcoin is in a bull market, but the rise has not yet come. Miners are still struggling with the consequences of the halving. We need another doubling of the bitcoin price to start the bull market." Renowned cryptocurrency analyst Willy Woo commented below his tweet, "At current BTC pricing, only the latest models will b...