Plan B, the maker of the analytical model called ‘Stock-to-Flow’ announced on November 8 that Bitcoin was on track to reach $ 100,000.The anonymous analyst expects that the price of the premier digital currency will have reached an uncertain state between $ 100,000 and $ 288,000 by December 2021.
The price of bitcoin must rise 545% to reach $ 100,000. At this price, the total capital of the digital currency market will be approximately $ 2 trillion which is something close to the value of Apple, the most valuable company in the world.
The theory behind the S2F model is that over time, the king’s supply of cryptocurrencies will decline and there will be constant inflations. These two factors could, in theory, boost Bitcoin’s uptrend.
The S2FX model estimates the value of a market based on the next phase of Bitcoin, which is $ 5.5 trillion. This model predicts that the price of Bitcoin will reach 288000 dollars.
In a tweet, Plan B states that this analyst is confident in the S2F $ 100,000 bitcoin price forecast model, and this will definitely take place; This is especially important for Bitcoin, as its price will exceed its extraction bonus in May 2020 to May 2021.
Analysts like Willy Woo believe that the total supply of bitcoins is less than what we think. While the total supply of Bitcoin is 21 million, a large amount of this currency code is lost or disabled. Woo says,
‘The total supply of bitcoins will not be 21 million; This amount will be about 17 million because so many coins are lost in the early days of trial and error to find something valuable. This means 0.002 bitcoins per person on the planet.’