Podcasts Technology Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News 386: STOCK-TO-FLOW CREATOR HAS ‘NO DOUBT’ BITCOIN WILL HIT $100K-$288K ‘BEFORE’ DECEMBER 2021!

386: STOCK-TO-FLOW CREATOR HAS ‘NO DOUBT’ BITCOIN WILL HIT $100K-$288K ‘BEFORE’ DECEMBER 2021!

Published: Nov. 9, 2020, 2:55 p.m.

PlanB, the creator of the stock-to-flow (S2F) model, reiterated on Nov. 8 that the Bitcoin price is well on its way to hit $100,000.

The pseudonymous analyst expects the dominant cryptocurrency to achieve the $100,000 to $288,000 range by December 2021.

Bitcoin would have to increase by around 545% from the current price to surpass $100,000. At that price point, the market capitalization of BTC would near $2 trillion, or roughly the same as Apple, the world’s most valuable company.

“People ask if I still believe in my model. To be clear: I have no doubt whatsoever that bitcoin S2FX is correct and bitcoin will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice!”

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