 model, admitted that the price of bitcoin by the end of this year could drop to $ 30 thousand.){kind=link}
The author of the Stock-to-Flow (S2F) model believes that the decrease in the value of the first cryptocurrency will occur if the time model is implemented.
PlanB analyst, the author of the Stock-to-Flow (S2F) model, admitted that the price of bitcoin by the end of this year could drop to $ 30 thousand.
According to the analyst, this will happen if the price of the first cryptocurrency moves according to the time model. With the implementation of the Stock-to-Flow model, the bitcoin rate at the end of this year will exceed $ 100 thousand, PlanB noted.
So what will #bitcoin Dec closing price be?
– S2F model says $100K
– Time model (logarithmic regression) says $30K
Next couple of months will be Interesting.
My money is on S2F, of course. pic.twitter.com/ancKQ3FdEZ— PlanB (@100trillionUSD) September 22, 2021
“My money is in Stock-to-Flow,” said the analyst.
The Stock-to-Flow (S2F) model predicts the value of bitcoin by calculating the ratio of the total available supply of an asset to its annual growth.
In August, PlanB reiterated its $ 100K forecast for Bitcoin by the end of the year and noted that the next few months will be key for the digital asset market.
Over the past day, Bitcoin has fallen in price by 6%. The cost of the first cryptocurrency fell by more than $ 4 thousand after the announcement of the Central Bank of China on the introduction of a complete ban on all cryptocurrency transactions. The use of digital assets in the country is now tantamount to illegal financial activity.
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