The Global Crypto Market Reclaims $1T, Does This Mean An End To Bear Market? Here Is What PlanB Says

After being hit with long bearishness, the crypto market is now recovering. This is seen alongside the Federal Reserve’s increased interest rates and the US entering into recession after the GDP report.

Now, while the overall crypto market is flashing green, there is a thought of whether this is the right time to step into the market or not.

Well, renowned crypto analyst and stock-to-flow creator, PlanB pops in with a statement that whatever the worst had to happen has already happened. Now things can’t get any worse than this.

PlanB, who had earlier predicted Bitcoin to hit $100,000 has some good and bad news. The analyst claimed that the market is exactly playing out like what people expected. According to PlanB, the current situation around the global market is kind of negative and people are highly bearish. He also says that people are hoping that the market will see a situation like 2008 financial crisis and 2020 Covid.

Hence, the analyst asserts that people’s opinion has caused the interest rates to surge with plummeting stocks and Bitcoin value.

PlanB’s S2F Model Predicts Bitcoin Price To Hit $500k

When the flagship currency’s price action is considered, PlanB created a Twitter poll in May, 2022. The poll received 81% votes which said Bitcoin price will stay below $500,000 by 2027. However, PlaB had a different take as he asserts that as per his S2F model Bitcoin will trade more than $500,000 after 2024 halving.

The Stock-to-flow model is the one which makes use of the ratio between the present Bitcoin supply and the new Bitcoin supply to get the estimation of the future price.

On the contrary, Crypto experts are not that big fans of this S2F model. , founder of Daily Gwei posted a Twitter post where he claimed that the Stock to flow model is an utter failure model and PlanB should delete his Twitter account.

The same was agreed by Vitalik Buterin Vitalik Buterin   Vitalik Buterin is a well-known tech geek, influencer, and computer programmer. To promote the blockchain, he started Bitcoin Magazine and provided blockchain information for cryptocurrency investors. In 2015, he co-founded Ethereum, a blockchain platform that contributed to decentralized finance.   Quick Facts   Full name Vitaly Dmitrievich Buterin Birth 31-01-1994, Kolomna, Russia Education University of Waterloo Wife/Partner To be updated / Not Married Famous for Ethereum, ETH, Blockchain advocate/promoter  Net Worth $1B (refer for realtime)   Buterin recognized the need for decentralized finance and used smart contracts to publish the Ethereum whitepaper.  His contributions paved the way for Ethereum's transition to Proof-of-Stake, which proved to be scalable and effective. Furthermore, he introduced Ether (ETH), the blockchain platform's native coin. A Timeline of Vitalik’s Career Co-founded Bitcoin Magazine (2011) – Established one of the first crypto publications, writing extensively on Bitcoin and blockchain. Authored Ethereum Whitepaper (2013) – Proposed a blockchain with smart contract functionality for decentralized applications (dApps). Co-founded Ethereum (2015) – Launched Ethereum after a successful $18M ICO, revolutionizing the blockchain ecosystem. Developed Ethereum Virtual Machine (2015–2016) – Created the EVM, enabling developers to build and deploy smart contracts. Worked on Ethereum Scalability (2017–2021) – Contributed to Layer 2 solutions like Rollups, Plasma, and Sharding. Led Ethereum’s Transition to Proof-of-Stake (2018–2022) – Helped develop and implement Ethereum 2.0, merging the Beacon Chain in 2022. Blockchain Research & Cryptography (2016–Present) – Focused on zk-SNARKs, privacy tech, and decentralized governance models. Philanthropy & Crypto Advocacy (2017–Present) – Donated millions in crypto for pandemic relief, AI research, and financial inclusion.   Key Achievements of Ethereum's Co-founder   Year  Achievements Details 2014 Thiel Fellowship Awarded a $100,000 grant by Peter Thiel to work on Ethereum. 2018 Fortune 30 Under 30 Recognized as one of the most influential young leaders in technology. 2018 World Technology Award in IT Software Honored for contributions to blockchain and Ethereum’s development. 2021 Time 100 Most Influential People Recognized for his impact on the global crypto and blockchain ecosystem. 2022 Ethereum’s Transition to Proof-of-Stake Successfully led Ethereum’s transition from Proof-of-Work to Proof-of-Stake.   Other Useful links to connect with Vitalik Buterin   Platform Link X (formerly Twitter) https://twitter.com/VitalikButerin GitHub https://github.com/vbuterin Ethereum Official Website https://ethereum.org Vitalik’s Blog https://vitalik.ca     EntrepreneurCrypto and Blockchain Expert , co-founder as he quotes that PlanB’s Bitcoin indicator doesn’t seem appealing. He claims that the indicator appears harmful instead.