Bitcoin Price Still on Course For $ 100 K in 2021
“In an interview with Global Macro Investor founder Raoul Pal last week, PlanB, the father of the Stock-to-Flow Bitcoin price tool, said he “did not expect” BTC/USD to fall short of six figures.
The momentum to get there will come from the Bitcoin block reward halving, scheduled for next May.
“…Somewhere between and year and a year-and-a-half after the halving, so say before Christmas 2021, Bitcoin should be, or should have been above $100,000,” he told Pal.
“If that’s not the case, then… all bets are off and (the model) probably breaks down. I don’t expect that to happen.”
PlanB has become revered among Bitcoin investors for the accuracy with which Stock-to-Flow has tracked Bitcoin’s movements.
As Bitcoinist often reports, its forecasts often shock, but the supporting evidence presents a convincing argument for a parabolic phase to begin after May 2020.
“I think a lot of people are waiting for that… seeing how that plays out. The halving will obviously be a very, very interesting event,” PlanB continued. ”