Well-known crypto trader and creator of the Bitcoin price model called Stock-to-Flow (S2F) - PlanB, conducted a survey among its subscribers to find out whether the leading cryptocurrency will reach the $100,000 mark this year.
According to the survey results, the majority of participants showed an optimistic mood towards Bitcoin. According to the survey, 71.9% of subscribers believe that Bitcoin will reach $100,000 in 2024. 18.1% expect this to happen in 2025, while 5.1% say it will not happen until 2026 at the earliest. The remaining 4.9% expressed doubts that Bitcoin will ever reach this level.
The PlanB survey results were not a surprise given the current bullish trend in the market. Multiple factors are driving this trend, including the meteoric rise of the Coinbase Premium Index, which signals renewed interest in Bitcoin among both retail and institutional investors in the United States.
There has also been a noticeable influx of funds into spot Bitcoin ETFs after some time of outflow. For example, on March 26, the funds raised about $417 million, with the Bitcoin ETF from the investment company Fidelity attracting the most investments.
Another factor pushing Bitcoin higher is the upcoming cyclical halving event, scheduled for around April 20th. It is speculated that this event will further increase the supply shortage of BTC, which in turn could increase demand for the cryptocurrency.
