RE: Bitcoin @ $288K By 2024?
PlanB and his stock-to-flow model say it’s so and we should see Bitcoin at $288K by 2024
Bitcoin Price At $288,000 By 2024 According To New Cross-Asset Model Using Silver and Gold
“As CryptoPotato reported last year, a popular analyst PlanB came up with a detailed post, describing Bitcoin’s stock-to-flow.
Per his analysis, the stock is the size of existing stockpiles or reserves while the flow is the annual supply of Bitcoin on the market. He came up with a model that puts Bitcoin’s total market capitalization at $1 trillion following the upcoming Bitcoin halving in May 2020.
This means that if the model is correct, the price per a single bitcoin would be $55,000.
In a new post, the analyst attempts to solidify the basis of his model by removing time while adding other assets (namely silver and gold).”