An increase in Bitcoin (BTC) to $ 100,000 next year is confirmed by “over a hundred events,” as price analyst PlanB said.
In a recent Twitter discussion about his stock-to-flow model for the Bitcoin course, the well-known optimistic Twitter user PlanB said that he expected a six-figure course in the medium term. How quickly or slowly Bitcoin gets there is “irrelevant”.
PlanB sees cointegration at Bitcoin rate
He responded to criticism of his statement about what would happen to the BTC / USD pair after halving the block reward in May. As Cointelegraph reported, PlanB said he expected the event to have a catalytic effect on the course, just as it did with the halving in 2012 and 2016.
A Twitter user asked him how quickly this growth would manifest itself this year. The price increase in 2016 was more moderate than in 2012, according to the user. One must therefore consider what it would be like in 2020.”In my opinion, that’s not the right question. You can’t conclude from just two events,” replied PlanB.
“The most important thing you need to know is coin-integrations (over 100 events). It can be seen that BTC is likely to climb over $ 100,000 before December 2021. How (slow / extended or fast / steep) and when that is exactly what is irrelevant. “