PlanB Analyst Unveils New Optimistic Bitcoin Forecast

According to the Stock-to-Flow model and logarithmic regression developed by PlanB, by the end of the nextBitcoin will approach $100,000 this year. His forecast came despite previous S2F failures and pessimistic views of analysts.

The cryptanalyst provided a new forecast with a chart showing the historical and hypothetical growth of BTC.

Interestingly, just recently, Bitcoin proponent Willy Woo noted that the PlanB concept is quite interesting, but does not take into account individual market factors such as competition.

Perhaps for this reason PlanB explained thatcompared Bitcoin to other assets such as gold, which has a stock-to-flow ratio of around 60 as it has a market capitalization of $10 trillion. Additionally, it took into account properties that have an S2F ratio of 100 and a market capitalization ten times that of gold.

Thus, he concluded, “I would be very surprised if after the next halving, Bitcoin has a lower market value than gold. The next halving is scheduled for early 2024.

The stock-to-flow model considers stock asthe size of existing reserves (or stocks), and the flow as the annual supply of new bitcoins in circulation. It has started to gain popularity among Bitcoin bulls as its numbers have been fairly accurate until recently.

However, by the end of last year the model gavea serious glitch, since according to calculations, Bitcoin should have exceeded the $100,000 level, which did not happen. As a result, the number of critics of S2F increased, but this circumstance did not diminish the cryptanalyst’s optimism.