13.5 C
Manchester
October 4, 2022
Image default
Bitcoin

According to the S2F model, Bitcoin will exceed $ 100k by September

The stock-to-flow model shows that Bitcoin will reach $ 100,000 in value over the next few months. By the end of the year, BTC should reach $ 288,000.

What is the immediate future of Bitcoin?

PlanB, the creator of the cryptocurrency flow model, stated that we will see a huge increase in the asset in the coming months. The likelihood of this happening will be high if Bitcoin maintains its growth analogous to the boom in 2013.

The top cryptocurrency has reappeared on the lips of many people and huge corporations after the recent increases. Among these people was Elon Musk, who announced that his company had purchased BTC in January 2021.

Over the past several months, the flagship cryptocurrency has been rather stagnant, to increase its value by as much as 5 times since October. The last frThe staggering increases from the beginning of the year were the cause of a loud discussion among the community. Users are wondering what further milestones Bitcoin can achieve.

According to the creator of the mathematical model, Bitcoin is on the home straight 6 digit value. This territory could be captured by the end of September 2021.

PlanB noticed that Bitcoin is moving with constant progress and its inevitability. In the original model, released in 2019, he described stock as the amount of existing reserves. Flow, on the other hand, referred to the total supply of cryptocurrency.

What’s next?

If the above model comes true, we can say that Bitcoin has exceeded a historic milestone. It can elevate it to an even higher spectrum, stacking its value. PlanB has also published an improved version of the model which predicts further, future prices. The S2FX model takes into account the different phases that BTC has gone through since 2013. These include: proof-of-concept, payment stage and financial assets.

In the model view, we can see a Bitcoin amount of $ 288,000. Such a price would overtake a giant like Apple in capitalization.

Current Bitcoin rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, this article will show you how to efficiently create one: LINK

Related posts

Start-up introduces blockchain to the Steam platform Blocksats

Aparnna Hajirnis

The adult movie portal wants to reward users with its tokens – Blocksats

Aparnna Hajirnis

Hackers ask for BTC or XMR for MGM guest data

Anupreet Kaur

Leave a Comment