Plan B still believes that the king crypto will inevitably skyrocket to $100,000 or more and reveals when he sees it happening in his latest update on Twitter.
Bitcoin is heading towards $100,000 by the end of next year, according to both the stock-to-flow model and the logarithmic regression, asserted the man behind them – Plan B. This comes despite the recent failures of the S2F and the analyst’s “worst-case scenario.”
Later on, Plan B explained that he had compared Bitcoin to other assets like gold, whose stock-to-flow ratio sits around 60 as its market cap is at $10 trillion and real estate. The latter’s S2F ratio is at 100, with a market cap ten times larger than gold’s.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Bitcoin News Alerts | Daily BTC News