$1 MILLION BITCOIN PRICE MODEL NOT BUILT TO LAST! | BTC YTD Performance Exceeds 140% MILLION BITCOIN PRICE MODEL NOT BUILT TO LAST! | BTC YTD Performance Exceeds 140%

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The Bitcoin price jumped back above the $49K zone on Saturday. 30-day statistics show the value of bitcoin has swelled by 50% over the last month and many believe that this BTC bull run is not over. 

Popular stock-to-flow (S2F) creator Plan B recently shared a S2F chart that indicates a possible “2nd leg of this bull market.” 

“Both bitcoin S2F (white line) and on-chain signal (color, not red yet) still indicating a 2nd leg of this bull market,” Plan B wrote. Following this statement, Plan B was asked: “Are we shooting for $288k again? Or still $100k? I’m confused.” The S2F analyst replied and said:

“IMO we are going up, first to 100k, then 288k.”

In other trending Bitcoin news today: Coinbase Investing $500,000,000 in ‘Diverse Portfolio’ of Bitcoin and Crypto Assets!

Coinbase CEO Brian Armstrong says that the cryptocurrency exchange will purchase digital assets worth more than half a billion dollars to add to its existing holdings. Armstrong says that Coinbase will be allocating 10% of its quarterly profits toward the purchase of crypto assets in the future.

“We recently received board approval to purchase over $500 [million] of crypto on our balance sheet to add to our existing holdings. And we’ll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.”

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://cryptopotato.com/peter-schiff-admits-bitcoin-price-could-reach-100k-but-remains-a-non-believer/

https://bitcoinmagazine.com/business/wells-fargo-and-jpmorgan-both-file-for-passive-bitcoin-funds

https://cointelegraph.com/news/blackrock-etfs-hold-384-million-of-shares-in-bitcoin-mining-firms

https://cointelegraph.com/news/bitcoin-price-returns-above-47k-as-crypto-market-shrugs-off-binance-kyc-news

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Crypto evangelist Max Keiser says Bitcoin (BTC) could increase 300x as it sets its sights on the dominance of the US dollar. 

On a new episode of RT’s Keiser Report, the Bitcoin bull shares a Morgan Stanley report with his 4.17 million YouTube subscribers that says the flagship cryptocurrency will remain an asset class and is a viable alternative to gold as a store of value and the US dollar as a means of exchange.

“Do you accept fiat money where the volatility is zero, but the loss of purchasing power is guaranteed? Or would you prefer Bitcoin, where there is volatility but the gain in purchasing is guaranteed? Those are your two options.” 

Keiser adds that the king coin is close to dominating the precious metals market. He forecasts that BTC will overtake silver within a few months and get halfway to gold’s market capitalization in 2021. 

“Once it gets past gold, only the dollar is left and the thing about Bitcoin is that it is the apex predator. It is the shark in an ocean full of goldfish and or plankton, which is the US dollar. 

They print a lot of dollars but they’re not particularly robust and they are going to be decimated as Bitcoin dominates and becomes the global world reserve currency as we predicted. Morgan Stanley now is finally waking up to this.”

Keiser points out that as Bitcoin displaces gold and the US dollar, the value of the leading cryptocurrency will rise meteorically. 

“I guess it’s going a lot higher because it has to replace gold. It has to replace the US dollar. The total addressable market (TAM) for Bitcoin is $300 trillion. It’s now at $1 trillion. It’s got a 300x path to go from here. Own it or have fun staying poor.”

In other trending Bitcoin News today:

En Route to $200K? Bitcoin Closed February 26% Above Stock-to-Flow Model Price

The bitcoin price is outpacing the popular Stock-to-Flow (S2F) model, which predicts that the BTC price would eventually reach $200,000.

The S2F model forecasts the long-term price trend of Bitcoin by taking two main factors into account, namely the amount of BTC in existence (the stock) against the amount of newly mined coins entering the market (the flow).

According to the the S2F multiple, the price of Bitcoin should be hovering at around $36,851 in order for the S2F model to be on track.

Due to the recent bull cycle and Bitcoin’s strong momentum, BTC/USD is now well above the S2F estimate at around $49,000.

Saifdean Ammous, the renowned author of The Bitcoin Standard, emphasized that Bitcoin rarely diverged from the S2F model since it was created well over two years ago.

As Cointelegraph previously reported, S2F creator PlanB said that he has no doubt the price of Bitcoin would reach $100,000 by December 2021, based on the model.

In mid-2020, PlanB said Bitcoin could tap anywhere between $100,000 to $288,000 by December of next year. He said:

“People ask if I still believe in my model. To be clear: I have no doubt whatsoever that bitcoin S2FX is correct and bitcoin will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice!”

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://cointelegraph.com/news/en-route-to-200k-bitcoin-closed-february-26-above-stock-to-flow-model-price

Bitcoin Analyst Sees “Aggressive” Bull Run Towards $64,000; Here’s Why

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