Bitcoin price of USD 300,000 - financial analyst sees crisis as a catalyst

There is a lot of talk about him, a lot of speculation and analysis, but nobody really understands him: the Bitcoin course. It's a shame, because like in other markets, it could make a lot of money. It is no wonder that there are a number of models and forecasts that try to predict them. By far the best known and most well-founded model is the Stock-to-Flow Model (S2F) from PlanB. This predicts a BTC price of $ 100,000 for December 2021.

According to the financial analyst and podcaster Preston Pysh, this forecast is still very conservative. He sees Bitcoin's price heading towards the $ 300,000 mark this May after halving. He sees the reason for this as the macroeconomic development of the past few months. As expected, the Bitcoin Halving already seems to have its first effects on the sales pressure from the miners.

Bitcoin price on the rise - financial analyst bullish than ever

In a post on Twitter, the financial analyst and author of the very successful podcast "The Investors Podcast", Preston Pysh, announced that he is now looking more bullishly at the future of the Bitcoin price than, for example, in 2017. That is, according to the investor above all on the market-economic factors that have emerged particularly in the past few months. So he writes:

[…] I'm more optimistic now. I think Bitcoin has the ability to go well beyond the S2F level. Back in 2017, I didn't think that would be possible because the macro environment didn't explode. Now it's different, things are falling apart.

He even assumes that the Bitcoin price will far exceed the price of USD 100,000 predicted by the stock-to-flow model. At another time, Pysh thought a rate of $ 300,000 was possible:

I would tell you that I believe the next level of orbit is $ 80,000 to $ 100,000. [...] It will go straight through that number, and it will probably go up to $ 200,000 or $ 300,000.