The popular quantitative analyst PlanB is doubling down on his Bitcoin forecast of a massive BTC rally.

In a new interview with crypto analyst Scott Melker, PlanB says Bitcoin could soar more than 5,800% based on the stock-to-flow model he is well-known for.

“If we assume that the old model, the original 2019 model is correct, the $55,000 model, then the next halving could lead to prices somewhere — and I’m making a very wide range, some people don’t like it — but somewhere between $100,000 and a $1 million.

I have no doubt whatsoever that we go to that $100,000-$1 million range, and no matter how you look at it, the current price is a steal if that’s what you believe. So yeah, I’m very optimistic.”

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