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).”
Definitely feasible! One should never count Bitcoin out….sky is the limit…!!!