A respected yet anonymous bitcoin analyst that invented the stock-and-flow model for bitcoin – has made a bold announcement about the world’s number one digital currency by market cap.Plan B Predicts Big Things for BTCThe analyst has announced that sometime within the next one to 1.5 years, bitcoin will ultimately shoot up to $100,000 per unit.
According to Plan B, the halving is placing bitcoin on a new bullish run that will take it into six-figure territory for the first time in its short, yet significant history. Such massive price spikes have been expected for some time, and while the currency’s reaction to the event has been relatively slow over the past few weeks, bitcoin still has quite a bit of time to prove itself.The stock-and-flow pricing model that Plan B has invented works to assess a commodity’s price based on how much already exists and how many new units of that commodity are entering the market each day.
As it turns out, the halving has ultimately made bitcoin rarer. There is far less being handed out to miners, and their digital rewards have shrunk to their lowest levels.At the same time, approximately 18 million of the world’s BTC units have already been extracted and are now in circulation, meaning the final three million left is being eyed by analysts and traders everywhere as digital gold. The halving has provided a level of scarcity to bitcoin that hasn’t been seen in the coin’s history yet, which means its price and value could surge in the coming months.
Well, nothing is impossible. The price could be a reality, but Bitcoin supporters need to correct certain abnormalities known to many of us.