The Bitcoin price is back on track to hit $100,000, says popular crypto analyst PlanB.
PlanB’s Bitcoin predictions have made it all the way to CNBC.
The stock-to-flow ratio shows the BTC price right on target after nearly running into a ditch.
Stock-to-flow measures the amount of new supply that’s entering the market for a given asset against its current available supply.
It’s often used to gauge the future price of precious metals like gold.
In other Crypto news today:
We bring you the latest Ripple (XRP), Litecoin, and Ethereum Updates.
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News Resources From Today’s Show:
Chinese Crypto FOMO is Bigger than Bakkt, Libra, ETFs Combined
Suppose a popular smart contract wallet that a large portion of the ETH community uses gets hacked. This could be reverted by reverting all chain activity since the hack and doing a DAO-style HF to recover the funds. How much ETH must be at stake for you to support this?
— Vitalik Non-giver of Ether (@VitalikButerin) October 25, 2019
Ahahahahahhaha, now on Chinese CT ” Fuck ETF, fuck Bakkt, fuck Libra, none of these BS will pump, only we Chinese pump with real money, the only way to pump”
(excuse me for the F word… try my best to translate from very Chinese slang)
— Dovey 以德服人 Wan 🗝 🦖 (@DoveyWan) October 28, 2019