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Plan B, quantitative Bitcoin analyst and the creator of the popular stock-to-flow (S2F) model explains why he sees Bitcoin trading at $5 million in the future and for that, he is not selling his BTC.
“Maybe that all-time high could be reached this year and the low the year after in 2022 but after that there will be another halving in 2024. So 2025 and the years after that will be actually much much more interesting than the next two years.
And yes, the S2F models predict prices ranging from $1 million (for the normal stock-to-flow model) to $5 million (for the stock-to-flow x model).
My eyes are, by the way, on those price levels ($1m to $5m) more than on the $100k to $288k so I’m not selling. Maybe some to just survive the bear market but yeah.”
In other breaking Bitcoin News today: Brazil considering new law to allow all workers to be paid in Bitcoin!
A draft bill seeking to allow Brazilian workers to be paid in bitcoin was presented to the country’s Deputies Chamber on November 5.
“Money was one of the greatest creations in the history of humanity,” per the draft bill. “It allowed us to rise from a primitive barter-based society to an extremely complex and productive society.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/302E4NP
✔ Tampa Bay Mayor To Accept BTC: https://bit.ly/3mQD9Zy
✔ Brazilian Workers To Be Paid in BTC: https://bit.ly/2ZS19Cp
✔ $5M Bitcoin Prediction: https://bit.ly/3CRfqxR
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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