PlanB: If the S&P index rises to 7,000 points, Bitcoin may reach $300,000
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Planet Daily News: Crypto analyst PlanB released a chart indicating that according to his logarithmic regression model, if the S&P 500 index (SPX) rises to 7,000 points, the corresponding Bitcoin price may reach $300,000. The fitted curve in the chart shows a strong correlation between Bitcoin and the S&P index (R²=0.873), suggesting that there is further upside potential for Bitcoin's price in a scenario of a strong traditional market. This view is based on historical fitting data and model derivation, and is not an investment recommendation.
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