The world of cryptocurrency is once again abuzz with excitement as the renowned Stock-to-Flow (S2F) model, popularly known as “Plan B,” maintains its bold prediction for Bitcoin’s next target: $87,000. According to the latest update, Plan B asserts that the BTC price is “still on track” toward achieving the coveted six-figure milestone, igniting anticipation and speculation among crypto enthusiasts.
Plan B’s S2F model has gained significant credibility for its historical accuracy in predicting Bitcoin’s price movements based on the asset’s scarcity. As the crypto market experiences fluctuations influenced by various factors, the consistency of Plan B’s projections has captured the attention of both seasoned investors and newcomers alike.
The article highlights the confidence expressed by Plan B in Bitcoin’s trajectory, affirming that the cryptocurrency is steadfastly moving toward the $87,000 mark. Understanding the basis of this prediction involves delving into the Stock-to-Flow model, which factors in Bitcoin’s production rate and circulating supply to estimate its future value.
For investors navigating the volatile crypto landscape, the reassurance from Plan B may provide a sense of confidence in the midst of uncertainty. However, it’s crucial to acknowledge that the market can be unpredictable, and external factors such as regulatory developments, macroeconomic trends, and market sentiment can influence the trajectory of digital assets.
As Bitcoin enthusiasts eagerly await the realization of this $87,000 target, it’s essential to approach such predictions with a balanced perspective. While the S2F model has been remarkably accurate in the past, unforeseen events can impact market dynamics. Investors are encouraged to stay informed, conduct their research, and consider various factors when making decisions in the crypto space.
The journey toward six-figure territory for Bitcoin remains an intriguing narrative in the evolving landscape of digital currencies. As Plan B’s projections continue to capture the imagination of the crypto community, eyes will be glued to the charts to see if Bitcoin can indeed reach the anticipated $87,000 milestone. Whether this becomes a reality or introduces new twists to the crypto saga, only time will unveil the next chapter in Bitcoin’s remarkable journey.
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ABRA CEO SAYS BITCOIN COULD SHATTER $250,000 THIS YEAR, BUT MAJOR CRYPTO CORRECTION MAY BE NEXT!!
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The CEO of digital payment platform Abra says Bitcoin could break $250,000 before yearâs end, but he also thinks that the crypto markets are overdue for a healthy correction.
On a new episode of What Bitcoin Did with Peter McCormack, Bill Barhydt says heâs looking for potential resistance at the $60,000 level before a massive BTC correction ensues.
âIf I look at the tea leaves, we havenât had a 30% pullback since we went back down to $30,000 when we first got up to $44,000, $43,000, whatever it was, so weâre due for that. If I had to guess, I would say if you look at the upward slope that weâve been on since December, depending upon how fast we get there, if itâs in February, we could top out just below $60,000 and then easily fall 30% and that would actually wind up the rubber band to probably go to $85,000 to $90,000. That would take us probably through August which if you look at stock to flow (S2F), itâs basically said thatâs around the time it should happen and itâs uncanny, I mean it really is uncanny how accurate that model has been.â
Although Barhydt is short-term bearish on Bitcoin, he predicts that the largest crypto asset has more upside potential but its bull market peak may all depend on the rate of adoption of big corporations.
âWhatâs interesting is once you get to that August timeframe when you start to approach $100,000, PlanBâs two models diverge. Because heâs got the one model, the original stock to flow which says weâre at $100,000 for 24 months basically. And then heâs got his cross-asset model which basically talks about the next phase which says, âHey we get up to $250,000 this yearâŠâ
Last December, when I went on, I think, your show and I talked to [Anthony Pompliano] and others, I basically said I think Bitcoin is going to be at $100,000 by the end of 2021. I still think thatâs right but I think that if we get a bunch of other Fortune 500 companies making announcements like Tesla, that is going to push this up to a quarter of a million very quickly.â
In other trending Bitcoin News today:
MicroStrategy Prepares To Purchase $1,030,000,000 in Bitcoin After Completing Debt Offering
Business intelligence firm MicroStrategy is gearing up to make an additional purchase of $1.03 billion worth of Bitcoin.
In a new post on the companyâs website, the publicly-traded firm announces that is wrapping up its offering of convertible notes in an effort to acquire more funds to buy Bitcoin.
The offering, which closed on February 19th, allows qualified institutional investors to purchase unsecured notes from MicroStrategy which have a maturity date of February 15th, 2027.
MicroStrategy reports earning approximately $1.03 billion from the sale of its notes and plans to use the entirety of those funds to purchase more Bitcoin.
âMicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $1.03 billion, after deducting the initial purchasersâ discounts and commissions and estimated offering expenses payable by MicroStrategy.
MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin.â
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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:
âThey say #Bitcoin is the ‘Big Bang’ of money b/c you can only do it once. Thatâs one of the attributes of it. Thereâs no imitators to ever come along. You can only create absolute scarcity once, you can only create the multiverse once with the Big Bang.”-@MaxKeiser đđ
â Crypto News Alerts đ„đ (@CryptoNewsYes) February 21, 2021
If I were to actually buy some #Bitcoin, how would I know when to sell? If your answer is to never sell, then what is the point of buying in the first place?
â Peter Schiff (@PeterSchiff) February 21, 2021
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0K BITCOIN PRICE IN COMING YEARS SAYS MAX KEISER TO ALEX JONES | It's Smart To Diversify Into BTC
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American radio star, host of Infowars, and far-right conspiracy theorist, Alex Jones, met with pro Bitcoin champion Max Keiser.
He admits, âYouâre right, I should have gotten involved in Bitcoin a long time agoâ.
ALEX JONES SAYS âITâS SMART TO DIVERSIFYâ INTO BTC
In a must-see video discussion between Alex Jones and Max Keiser, the two men talk a lot about the Bitcoin price.
Jones says he likes how Bitcoin âbrings diversity to the marketplaceâ.
He points to how BTC can never be shut down unlike money in an offshore bank account.
Keiser is visibly in his element. Jones explains to his listeners that he hadnât previously endorsed Bitcoin (BTC) because he wasnât completely sure.
He says he would never tell them to go out and buy something he wasnât sure about.
However, on reflection, âitâs smart to diversify.â He then tells Keiser: âYouâre right, I should have gotten involved in bitcoin a long time agoâ â Alex Jones
Jones may have âmissed outâ on buying Bitcoin at $1, $100, and $1,000. But even at $10,000, he will still make a 40x return since Keiser says Bitcoin will be worth $400,000 in the coming years.
Jones notes that he likes how you can tailor your approach to buying Bitcoin.
He calls it a âcompletely legitimateâ way of diversifying your wealth.
Keiser confirms that no one can confiscate your Bitcoin. He calls it âgold 2.0â and says that, unlike gold, you donât need any third-party to verify that it is real â just the blockchain.
That must be what ruffled the feathers of Peter Schiff the most.
Signal That Preceded 10% Bitcoin Boom Appears Again, and Itâs Big for Bulls | The BTC Price Is About to Roar Even Higher, Indicator Predicts
If youâve spent any time at all perusing Crypto Twitter, you likely know of TD Sequential, which is a time-based indicator that tries to predict when an asset will see a certain trend or reversal of its ongoing trend.
The Sequential has done well in predicting Bitcoinâs trends. Extremely well.
So well, in fact, that the creator of the indicator remarked in an interview with Bloomberg that 13 candles (signals reversals) were seen when Bitcoin hit $20,000 in December 2017,  when BTC cratered to $3,150 in December 2018, and near the $14,000 top seen in June.
The indicator is now signaling that Bitcoin will see a reversal on a short-term time frame. Analyst Crypto Hamster remarked that the TD Sequential for the four-hour chart just printed a red 9, suggesting a recovery towards $10,000 and beyond.
Indeed, the prior 9 candle seen on the four-hour chart was a precursor to a 10% surge higher than brought the asset from $9,600 or so to $10,550 in a few daysâ time.
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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:
Alex Jones just invited @maxkeiser and me on his show to debate Bitcoin. I accepted but Max refused the invitation. So I win by default. I would have preferred an active victory, but at least this way Max can’t scream and call me names!
â Peter Schiff (@PeterSchiff) February 17, 2020
Alex Jones has capitulated. After 10 years of watching the #Bitcoin bubble inflate, at $10,000 per coin he thinks now’s the time to urge his listeners to buy. This is how manias end. Greed overwhelms reason as people once too sensible to buy join the party just as it’s ending.
â Peter Schiff (@PeterSchiff) February 17, 2020
Back in 2011, when #Bitcoin was $1, @KeiserReport told our global audience: âBitcoin is the currency of resistance, the new, better Gold. Itâs going to $100,000. Itâs the best way to fight fiat-money, corrupt bankers. Everyone should buy Bitcoinâ.pic.twitter.com/AfDdJgHdE7
â BITCOIN IS PEACE đđ (@realmaxkeiser) February 15, 2020
Signal That Preceded 10% Bitcoin Boom Appears Again, and Itâs Big for Bulls
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BITCOIN WILL HIT NEW HIGH âIN NEAR TERMâ AS BUFFET EXISTS USD, SAYS MAX KEISER! 0K BTC PREDICTION
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The U.S. dollar is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs, says Max Keiser.
In his latest forecast for macro, the RT host warned that safe havens would seriously outperform fiat.
Buffett, he implied, knew what was coming. âBuffettâs move into Japan, along with his gold investment, confirms heâs getting out of USD bigly,â Keiser wrote on Twitter on Monday.
âUSD is trending lower today, about to break key support. Bitcoin â Gold â Silver Will all make new ATH in the near term.â
He was referring to Buffettâs move into Japanese assets, taking a 5% stake in the countryâs five biggest trading houses in a move totaling $6 billion, Reuters reported.
âThe five major trading companies have many joint ventures throughout the world and are likely to have more. I hope that in the future there may be opportunities of mutual benefit,â the publication quoted him saying.
The announcement came days after the Federal Reserve confirmed that it would let inflation rise above its 2% target as a temporary measure, something that weighed heavily on the dollar.
After volatility, the USD currency index (DXY) began plunging to new depths on Monday, bouncing off its lowest levels in two years.
Late in July, when those levels first appeared, Bitcoin saw a price jump to $12,500.
As Cointelegraph reported, expectations remain that further dives in the DXY will produce similar effects.
Buffett, meanwhile is well known for his macro moves, even as he remains a steadfast Bitcoin skeptic.
Last week, the so-called âBuffett Indicatorâ warned about a stock market crash, even as large-cap equities continued their climbs higher.
Prior to that, Anthony Pompliano, co-founder of Morgan Creek Digital, publicly bet on Buffett eventually buying Bitcoin after he revealed his move into gold.
At the time, Keiser claimed that the gold entry alone would spark a run among investors, helping push BTC/USD to $50,000. P
erhaps Buffettâs most famous quip about Bitcoin is from 2018 when he referred to cryptocurrency as ârat poison squared.â
In other trending Bitcoin News today:
Federal Reserveâs Major Policy Shift to âPush Up Inflationâ Could Send Bitcoin Price to $500K
The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change.
Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation.
Bitcoiners view the Fedâs announcement as bullish. Following Powellâs speech, a number of people took to social media to remind others of the benefits bitcoin offers.
Mimesis Capital Louis Liu wrote, âPowell is friend of bitcoin,â while many others chimed in to just say âbuy bitcoin.â
Abra CEO Bill Barhydt commented:
âBitcoin doesnât need the Fed to succeed but if they insist on throwing gasoline on the fire then so be it.â
âThe Fed, under the leadership of Jerome Powell, continues to be Bitcoinâs biggest booster,â Gemini Exchange co-founder Tyler Winklevoss wrote.
He made a case on Thursday for a $500K bitcoin as âultimately the only long-term protection against inflation.â
He explained that the price of the cryptocurrency could appreciate 45 times from todayâs price, meaning it could hit $500K per coin or even higher.
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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:
$BTC #BITCOINBullish. Reached the $12,000 area that I’ve pointed since the low.
Would like to see consolidation above $11,600 here. If that happens, we’ll most likely see a rally towards $12,400 and new highs. $ETH already painting the way. pic.twitter.com/Kcf6y8PvRF
â Crypto MichaĂ«l (@CryptoMichNL) September 1, 2020
Buffettâs move into Japan, along with his $GOLD investment, confirms heâs getting out of $USD BIGLY $USD is trending lower today, about to break key support #Bitcoin â Gold â Silver
Will all make new ATH in the near term
â Max Keiser (@maxkeiser) August 31, 2020
https://news.bitcoin.com/federal-reserve-inflation-bitcoin-price-500k/
https://cointelegraph.com/news/huge-ethereum-buy-wall-sends-eth-to-a-19-month-high-against-bitcoin
https://cointelegraph.com/news/bitcoin-will-hit-new-high-in-near-term-as-buffett-exits-usd-keiser
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