PlanB, one of the major crypto analysts has recently predicted about an upcoming bull run for Bitcoin. He has updated his most popular stock-to-flow price prediction model which is indicating towards the BTC bull run. According to this model, by 2021 BTC price might reach $100,000 and it has also started moving towards it.
PlanB S2F model consider BTC as a commodity
The stock-to-flow or S2F model of PlanB clearly considers Bitcoin as a commodity just like gold or silver. Ever since the BTC reward halving took place on May 11, there have been a lot of predictions regarding the bullish behavior and increasing price of Bitcoin in future. Similarly, this model has also indicated towards a huge bull run for Bitcoin. A red dot in this model is indicating the time frame when the bull run will occur and by the end of 2021, it is showing that the Bitcoin price will reach $100,000.
Cross-asset S2F model to predict price
It has been reported earlier that PlanB has been using its all-new cross-asset S2F model. It has been used to predict the Bitcoin price and predicted that by 2024, the price of Bitcoin might reach $288,000. Harold Christopher, a major crypto analyst has used this cross-asset S2F model and predicted a BTC rally to $1 million by the year 2025.
Even though there have been huge predictions regarding BTC price, this one has been considered as one of the highest predictions ever. However, Vitalik Buterin, co-founder of Ethereum has earlier specified that this S2F model is not that useful in order to predict the price of Bitcoin. Even after huge accuracy of this model, Buterin believes that it is just like any other price prediction model.
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