Connect with us

Blockchain And Crypto News

A Vexed Bitcoin Model Places Exact Date Where BTC Will Shatter $100,000

Published

on

Btc
__________________________________________ Looking for your dream job? Hold on, your search ends here! Please CLICK HERE to grap every opportunity today. __________________________________________

One of the most controversial analysts in the cryptoverse as its called, is placing an exact date as to when traders can expect Bitcoin to be above $100,000.

Using the stock-to-flow model (S2F), which divides the amount of Bitcoin in circulation by the amount of BTC mined per year, PlanB believes BTC is set to be over $100,000 on August 16th, 2021. The high-profile crypto analyst 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.” 

Also Crypto News: Technical pattern suggests Bitcoin is ready to push towards $14,000

PlanB was the first analyst to apply the S2F model to Bitcoin. Although it has plenty of critics, predictions from the model have so far been highly correct. 

Over the 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.”

Trade with Nairabusiness
Looking for your dream job? Hold on, your search ends here! Please CLICK HERE to grap every opportunity today.

Fidelis James is a Nigerian. An aspiring student of the Nigerian Maritime University, in the field of mechanical engineering. He is also loveable writer and a business minded individual.

Continue Reading
Click to comment

Please Leave a Reply

Profiles, Interviews & Biography5 days ago

Tunde Ednut Biography, Age, Career and Net Worth

Tech3 weeks ago

Just In: You can now buy a Tesla with Bitcoin

Bella Shmurda
Profiles, Interviews & Biography3 weeks ago

Bella Shmurda Biography, Age, Career And Networth

emoji picture apps
Tech1 month ago

Best Emoji Picture Apps For Android & iOS in 2021

Goldomc
Review1 month ago

Goldomc Review | Scam or Legit? 1st read this

Kobobid
Review1 month ago

Kobobid Review | Scam or 100% Legit? Find out!!!!

Efcc
Job Opportunities1 month ago

EFCC Recruitment for 2021/2022 | How to apply for EFCC recruitment

phoenix browser
Tech1 month ago

How to add website/blog to Phoenix browser in 2021

Nairapeeps
Review1 month ago

Nairapeeps Review | Scam or legit? 1st read this

wyzdom noble
Profiles, Interviews & Biography1 month ago

Wyzdom Noble Biography, Age, Career and Net Worth

Review2 months ago

Montek Investment Review | Scam or Legit? Don’t miss this 1

Earnathon
Review2 months ago

Earnathon Review | Scam or legit? Read 1st before you invest

Mydailymula
Review2 months ago

Mydailymula Review | Scam or legit? 1st read this

Moolatask
Review2 months ago

Moolatask Review | Scam Or Legit? 1st read this

Prepxy
Review2 months ago

Prepxy Review | Scam or legit? 1st read this

bank transfer codes in nigeria
Finance2 months ago

All bank transfer codes in Nigeria 2021

Access Bank, GTBank and other banks begin closing customer accounts that have traded cryptocurrency
Blockchain And Crypto News2 months ago

Access Bank, GTBank and other banks begin closing customer accounts that have traded cryptocurrency

Clapper permanently bans QAnon-related content
Tech2 months ago

Clapper permanently bans QAnon-related content

Oil exploration drops by 150 percent in Nigeria
Business News2 months ago

Oil exploration drops by 150 percent in Nigeria

JasEarn
Review2 months ago

JasEarn App Review | Scam or Legit? Read 1st

%d bloggers like this: