Dave theWave: Bitcoin On Path To $540,000
davethewave says Bitcoin is in its earliest stages of its adoption life cycle and on the path to $540,000:
Crypto Trader Who Predicted 2019’s Bitcoin Meltdown Says This Metric Shows BTC Targeting $540,000
According to Dave, Bitcoin’s growth in terms of market share is just getting started as those buying the number one cryptocurrency over the last 11 years are considered innovators which make up 2.5% of the total addressable market.
Using the S-curve, Dave predicts that Bitcoin’s value will skyrocket to $540,000 as it captures a bigger percentage of the market share in the next decade or so.
While Dave sees the possibility of Bitcoin meteorically rising 4,900% from its current value of $10,800 as extrapolated from the S-curve, the crypto strategist remains a skeptic of the stock-to-flow model (S2F) as he doesn’t expect Bitcoin to hit $100,000 by December 2021.
He says he managed to get a set of criteria from Plan B, the first to apply the S2F model to BTC, that would invalidate the wildly-popular model.
“OK, by Dec 2021 we will know then: S2F>$100,000, Dave<$100,000.”