Weiss Crypto Ratings Predicts Fast Bitcoin Rally

The American research company Weiss Crypto Ratings predicts an unprecedented rise in Bitcoin to $70,000 next year.

Based on the Stock-to-Flow (S2F) model, whichused in the analysis of the intrinsic value of precious metals, experts are confident that in the next 12 months, bitcoin will reach a new historical maximum.

The S2F model is calculated as the ratiothe quantity of goods in circulation to the quantity of its annual release. According to their estimates, this model accurately reflected the fluctuations in the market value of the first cryptocurrency.

In addition, in addition to the S2F model, there are two more important factors for such optimistic forecasts. 

First, the growing interest of institutionalinvestors to the cryptocurrency market. Billionaire Paul Tudor Jones invested his $210 million in BTC. Harvard University invested $39 million in blockchain venture funds. 

Secondly, this is a recession of the global economy and, asconsequence, uncontrolled printing of the US dollar. Trying to support the economy, the US Federal Reserve has printed $ 2.9 trillion in fiat money over the past three months.