Analyst closely followed by the crypto community Plan Bthe leading digital asset Bitcoin (BTC) this year $300,000 He put forward a scenario that he predicted to happen.
Celebrity analyst told his 1.7 million followers that the stock-to-flow (S2F) model points to a huge price increase for BTC.
S2F or fully stock flow modelis a price estimation method based on the ratio of supply (stock) to annual production (flow). The model can be applied to any finite asset, particularly Bitcoin or metals such as gold and silver. While Bitcoin has recently underperformed Plan B’s S2F model, the analyst says there are still major rallies for flagship crypto.
“Just a scenario.”
Just a scenario pic.twitter.com/r5Zxu4btTw
— PlanB (@100trillionUSD) March 16, 2022
Although Plan B is well below Bitcoin’s S2F model, its upward trend and average over the coming years $100,000 he thinks he still has time to post a price.
“BTC is 60% below the stock-to-flow model value. Some think the stock flow model is dead. Others know we have two more years to reach the $100,000 average. The choice is yours.”
According to Plan B, this scenario could have happened even sooner if several external factors had not hindered Bitcoin’s growth.
“Chinese mining ban, interest rate hike prospects and a war have delayed things a bit.”
The analyst also BTCIt also draws attention to how much its value has grown compared to gold.
“BTC = 20 ounces of gold since January 2021 (up from 5 ounces in 2020). Another 4x coming soon?”
Finally, Bitcoin is trading at $ 40,815 at the time of writing.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.