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Analyst Predicts Bitcoin’s Price Is Gearing for a Five-Times Rise From Its Current Level.
The founder of the renowned stock-to-flow model (S2F), Plan B has lately reported that the price of bitcoin has outperformed the S2F model price by 26%. This great acceleration has a number of crypto zealots guessing that bitcoin price achieving the $100k to $288k target by the year-end is possible. On March 1, 2021, Plan B reflected that the S2F model was yet functional and the price of BTC was actually 26% higher than the model’s anticipated price.
December close: $28,992. January close: $33,141. February close: $45,240. March 17 price: $55,000.
Plan B’s stock-to-flow model, contrarily known as (S2F or S2FX) is a famous chart that calculates the existing number of BTC in circulation (stock) and pairs it against the number of allocated coins minted during mining (flow).
The S2F model correlates the amount of a commodity in circulation divided by the amount produced every year. It is used to analyze the intrinsic value of valuable metals such as gold and silver.
For many crypto traders, the S2F model so far has rather been consistent and following the mapped trajectory of Plan B others have estimated. In November 2020, the S2F creator doubled down and told the public that there was “no doubt whatsoever” in his mind that his S2F model was “correct.”
He believes anyone considering adding Bitcoin to their portfolio should pay attention to its risk/reward ratio.
“Key thing is not Bitcoin’s high risk/volatility, but that return is higher than risk, the asymmetry. Even if you only invest 5% of your portfolio (and thus can only max lose 5%), the average portfolio return is +20%. BTC is the only asset I know with this large asymmetry.”