Bitcoin at $ 100,000 in 2021, a more serious forecast than that of McAfee?

in cryptocurrency •  last month

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    Price forecasts abound on Bitcoin (BTC), some are quite fanciful ( John McAfee , if you read us 😉), but others claim to be more serious. Some are considering a 100,000 dollar BTC in the more or less short term, and the latest is based on a very interesting model.

    The Stock to Flow is categorical: $ 100 000 is the next step for Bitcoin
    PlanB (@ 100trillionUSD ) is an analyst specializing in the study of Bitcoin prices . He posted on June 1 on Twitter the latest update to his BTC Stock-to-Flow model .

    This model, as PlanB presented for the first time in March 2019, is based on the ratio between the amount of bitcoins "in stock" - that is to say the BTC already in circulation - and the flow ( flow ) of new bitcoins entering circulation (thanks to block mining rewards).

    Stock-to-Flow (or S2F) thus shows a strong relationship between the progressive scarcity of Bitcoin and the constant increase over time of its market value .

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    Stock-to-Flow model: first red dot (“red dot”) which in the past preceded bull run movements - Source: PlanB Twitter account (@ 100trillionUSD)
    As we can see above on the last graph to date of this S2F modeling, the 100,000 dollars seem to be the next major level that the price of bitcoin should reach. With the halving now past, this increase could potentially occur either at the end of 2020 , or in the course of next year.

    $ 1 Million BTC: McAfee Treats Those Who Believed It "Fools"
    For his part, the very whimsical John McAfee - founder of the eponymous antivirus - has returned to his bet to " eat his" dick "on national television " if bitcoin does not reach $ 1 million by the end of 2020 .

    The billionaire now claims in a tweet that this forecast was nothing more than an " absurd dash of humor " and specifies:

    "If Bitcoin ever reached $ 1 million, the valuation of its market would be greater than the GDP of the entire North American continent. What idiot could believe such nonsense? " .

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    It's a shame that McAfee took nearly 3 years to explain that his tweet was ultimately not a serious forecast, but a simple bad joke . Or does he prefer to preserve the integrity of his crotch?

    It is impossible to predict the price of bitcoin without a time machine. But one thing is certain: Bitcoin is getting more and more talk, and its popularization is likely to be a factor just as bullish as its rarity.

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