2 November 2024
Famous Bitcoin Analyst Reveals Date on When BTC Will Shatter $100,000
The most controversial and famous analysts in the crypto world have given the exact date on when traders can expect Bitcoin to be above $100,000.
PlanB analyst used the stock-to-flow model (S2F) that divides the number of Bitcoins in circulation by the amount of BTC mined per year and through which he believes BTC is set to be over $100,000 on August 16th, 2021. The crypto analyst, PlanB has retweeted a post from Dutch entrepreneur Marc van der Chijs on the viability and timing of the S2F model.
“Most people think this is impossible, but I have seen a 1,000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving if FOMO will start again, anything is possible.”
PlanB is the first crypto analyst who has applied the S2F model to Bitcoin. Though the model has been criticized but the predictions from the model have so far been highly accurate.
On this weekend, the quantitative analyst told his 123,000 Twitter followers that the stock-to-flow ratio continues to be in step with Bitcoin’s price action.
“3rd red dot (currently $11,850) above 2nd red dot (bitcoin July close $11,356) and above 1st red dot (June close $9,132)… next target: December 2017 ATH close $14,000.”
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