In this video, I discuss why I believe that Bitcoin is headed to $300,000 in this cycle.
I examine both of Plan B’s Bitcoin pricing models, including stock to flow, and the cross asset stock to flow pricing model.
Considering the huge amounts of institutional money that are moving into Bitcoin, a price target in the $100,000’s seems quite conservative.
The fact that Bitcoin has recovered completely and is now hitting new all-time highs is a refutation of the Bitcoin bubble thesis.
Not investment advice! Consult a financial advisor.
My favorite Bitcoin dashboard:
Stock to flow model chart for Bitcoin:
Bitcoin seems to go up 100x each cycle:
100x previous low 2015 $200 – $20k 2017, this cycle $3500-$350k? Maybe. Tailwinds from covid QE infinity, and asset price inflation and uncertainty from spectre of MMT insanity. And new stage with early institutional interest and hunt for yield, universal focus to protect value.
— Adam Back (@adam3us) November 27, 2020
S2F crazy numbers coming:
BTW: In linear view the S2F price line looks ridiculous, lol. But this is exactly what also happened in 2013 and 2017. pic.twitter.com/11teZSFpv6
— Bit Harington (@bitharington) December 14, 2020
Plan B’s two papers on valuing Bitcoin:
View at Medium.com
Analyzing Plan B’s cross asset pricing model for Bitcoin:
Cointegration and correlation for Plan B’s model:
Stock to flow and #bitcoin price are cointegrated
Cointegration is completely different from correlation
— PlanB (@100trillionUSD) September 8, 2019
How to buy and store Bitcoin the right way:
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