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Huge $1,000,000 Bitcoin (BTC) Prediction Pops Up Despite Crypto Panic

The crypto market is green today, and the most important coin is no exception; BTC is priced at $7,294.59 at the moment of writing the article.

An important crypto analyst says that this week’s sudden drop in the price of BTC has not been able to change his outlook.

BTC reportedly remains on a path to $100k

The Daily Hodl online publication notes that the stock-to-flow is traditionally used to forecast the future value of precious metals, and it tracks the circulating supply of an asset against the amount of new supply that hits the market.

The model has proved remarkably accurate for tracking Bitcoin’s past price action, and according to the anonymous analyst PlanB, BTC is still on a path toward $100,000 sometime around the year 2021 and $1 million around 2025.

“Some people [are] panicking about this -17% week. It’s just normal Bitcoin behavior,” he said.

He continued and explained this: “Note, we are still up 2x YTD. And yes, S2F model is just fine, nothing out of the ordinary.”

There have been a lot of optimistic Bitcoin-related predictions so far despite the huge volatility of the crypto market.

Charles Hoskinson predicts BTC hitting $10k soon

Following Bitcoin’s recent fall from this past week, Charles Hoskinson also has an optimistic prediction regarding the price of the most important digital asset in the crypto space.

Hoskinson stated the following via Twitter:

“Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world.”

He continued and predicted that “We will see 10k BTC again and welcome 100k. Crypto is unstoppable. Crypto is the future.”

This is not the only optimistic prediction regarding BTC’s price, and the crypto market has been flooded with similar forecasts lately even if the volatility is high.



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