New Bitcoin Model Prediction: BTC Will Reach $100k Without Stock-To-Flow

The crypto market is mostly bloody today with Bitcoin and the altcoins trading in the red.

At the moment of writing this article, Bitcoin is priced at $9,336.07.

There have been various optimistic predictions about the price of BTC following the May halving, but there haven’t been any dramatic upwards movements yet.

Bitcoin retested the important $10k limit more than once – the king coin managed to consolidate above $9k.

Bitcoin prediction claims the king coin will hit $100k

There’s a new Bitcoin price model that’s sweeping across the cryptosphere predicts that BTC will hit $100,000 without relying on the popular but controversial S2F model.

Analyst Croesus said that PlanB’s model which says that BTC will rise to $100k by 2021 has lots of naysayers because it predicts that they king coin will rise a lot in a short period of time.

With the adoption of new tech, an exponential increase comes

As noted by the online publication the Daily Hodl, he pointed out that the critics of the model fail to take into account that there’s an exponential increase that comes with the adoption of the new tech.

He continued and pointed out where we are these days:

He also said: “However, Bitcoin is not a cheap consumer good to buy, it’s a paradigm-shifting approach to personal finance. We all accept that this transformation may take decades. But I had to pick some rough timeframe to do this analysis…”

We recommend that you check out the entire thread on Twitter.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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