Quantitative Analyst PlanB Predicts Bitcoin Price May Increase by 700 Percent by 2022

Quantitative Analyst PlanB Predicts Bitcoin Price May Increase by 700 Percent by 2022
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken on Oct. 19, 2021. Edgar Su/Reuters
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Quantitative analyst PlanB says that Bitcoin BTC will see a hyperbolic surge early next year, where it will outperform all other assets.

What Happened

In a recent interview with Anthony Pompliano, PlanB says that BTC can ascend by 700 percent by early next year.

“I guess we will be above $100,000, above $135,000 at the end of the year, and then we’ll continue to grow maybe towards to stock-to-flow X (S2FX) model target [at] $288,000 or even above. So I would not be surprised even to see in Q1 in Q2 next year prices of $300,000, $400,000 or $500,000,” says PlanB.