Skip to main content

Plan B for Bitcoin: "I really don't care if it sticks at $ 50,000, $ 100,000 or $ 288,000"


 

According to Plan B, the pseudonymous creator of the Bitcoin Stock-to-Flow (S2F) model, Bitcoin will reach a price of at least $ 100,000 in this Bitcoin halving cycle. However, the Bitcoin proponent has stated that it is not worried about where the price will end up in the short term.

He made the bold Bitcoin price prediction in a recent interview with Dutch technical analyst and YouTuber Madelon Vos, in which he also spoke about his Bitcoin models and his expectations for Bitcoin.

Why Plan B isn't fixated on Bitcoin's short-term price

The development of the Bitcoin course is an important subject of speculation in the crypto market. Even so, Plan B has revealed that it isn't very concerned about the short-term Bitcoin rate. That's because he has a long-term perspective and is already thinking about what prices Bitcoin can reach in the future.

Right now it's very exciting to see if it hits $ 100,000 in the next two years, actually this month and next month, "says Plan B." I'm actually already working on the next cycle because I really don't care whether it stays at $ 50,000 or $ 100,000 or $ 288,000.

His assessment comes at a time when the Bitcoin price has started to gain some momentum. Recall that Bitcoin briefly broke the $ 50,000 mark, hitting $ 51,500 on Friday for the first time since December 8th. The asset is currently trading at around $ 51,000, a slight increase of around two percent over the past 24 hours.

Plan B is not fixated on the current price due to its expectations of the Bitcoin market. The investor believes that Bitcoin is in Phase 5 of its development, where it is expected that institutional investors like Michael Saylor and even nations - like El Salvador - will add Bitcoin to their treasuries. But the negative aspects of this phase, such as the expectation that Bitcoin could be drawn into the geopolitical playing field, are also at play in his opinion.

While talking about the super cycle, he noted that it is not yet time to talk about hyperbitcoinization as it would only become possible when bitcoin's market capitalization reaches the trillion dollar capacity of gold and then the Exceeds $ 100 trillion real estate market capacity.

Is the Bitcoin StocktoFlow model still valid? PlanB speaks up

Despite the recent market criticism of the S2F model's credibility, Plan B stated that the model it created to keep his emotions out of trading decisions is still very much up to date. When asked if he had 100% confidence in the S2F model, he answered with a resounding yes.

As long as Bitcoin price follows a linear path, where it increases as supply decreases and demand increases, the S2F model will continue to apply. However, he acknowledged that the floor model, the model he used to predict that Bitcoin would hit $ 100,000 by the end of the year, was no longer valid. “If it fails, it fails. If it works, it works, ”he said of his models.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more