I think it will take another half a decade before Bitcoin goes on that $100k level. At the current situation Bitcoin is somehow having a trouble of breaking the resistance on $12k but I believe it will break it eventually. There are lots of factor to consider now since institution often times messes the uphill trend of Bitcoin. Just what happen the other day when Bitcoin crashes by $1.4k due to the liquidation of $1Billion worth of future contracts.
Anyway I think it will take another halving before we can "possibly" see the signs of BTC going to $100k.
Topic: Bitcoin on track to 100k according to stock to flow model - page 3. (Read 473 times)
I've seen reasonable predictions of $60k-500k and to be honest, my own since about a year ago was at $300k...
Now I think we could definitely flash up to $120k at least, especially given how much the dollar has weakened in the past 6 months (against the euro) even with speculation debt in Europe will just be absorbed by the Northern eurozone countries to help the South - which has been rejected but may not be for long if it looks more attractive...
Now I think we could definitely flash up to $120k at least, especially given how much the dollar has weakened in the past 6 months (against the euro) even with speculation debt in Europe will just be absorbed by the Northern eurozone countries to help the South - which has been rejected but may not be for long if it looks more attractive...
Hi guys,
What do you think of this?
The author of the stock to flow ratio says it's going to 100K.
In april he declared that this halving would show if his model was correct and seems to think so nowadays.
The model predicts bitcoin price according to the relation between the supply and the bitcoins being created.
Source: https://cointelegraph.com/news/bitcoin-now-perfectly-on-track-to-100k-says-stock-to-flow-creator
I don't know what to believe, with so many predictions, but this system has a clear logic behind it. I hope he is right, actually.
What do you think of this?
The author of the stock to flow ratio says it's going to 100K.
In april he declared that this halving would show if his model was correct and seems to think so nowadays.
The model predicts bitcoin price according to the relation between the supply and the bitcoins being created.
Source: https://cointelegraph.com/news/bitcoin-now-perfectly-on-track-to-100k-says-stock-to-flow-creator
I don't know what to believe, with so many predictions, but this system has a clear logic behind it. I hope he is right, actually.
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