100x-200x GROWTH COMING TO BITCOIN / CRYPTO MARKETS, SAYS MACRO GURU – HERE’S HIS TIMELINE!!

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Bitcoin is on track to be one of the year’s best performing assets, despite a recent retraction – but that’s not stopped BTC bulls from fighting on Twitter.

The Bitcoin price has climbed through much of 2020, adding some 40%, with the bullish stock-to-flow model – that predicts a massive $288,000 BTC price before 2024 – working “like clockwork,” according to its anonymous creator.

However, a number of high-profile bitcoin analysts and entrepreneurs have clashed over the stock-to-flow model this last week, with the anonymous PlanB accusing his critics of trying to unmask him and his model derided as “absolutely useless.”

“The [stock-to-flow] model is based on the most fundamental errors which render it absolutely useless,” warned Alex Kruger, an economist and cryptocurrency analyst, speaking over the phone.

The stock-to-flow pricing model, created by anonymous Twitter user PlanB, who claims to be a Dutch institutional investor with a legal and quantitative finance background that manages around $100 billion in assets and tweets from the handle @100trillionUSD, calculates a ratio based on the existing supply of an asset against how much is entering circulation.

Kruger, along with many other analysts in recent months, has warned the model is based on faulty comparisons and a “spurious relationship” between price and scarcity.

“The whole model rests on the wrong assumption that there is cointegration between price and scarcity,” Kruger said, who explained that without cointegration it’s “nonsensical to think that bitcoin stock-to-flow, a number that goes up programmatically, and everybody knows what it will be at any point in time, can be used to predict price.”

Criticism of the stock-to-flow model and its creator have bubbled up recently, with the chief executive of bitcoin buying app Swan Bitcoin, Cory Klippsten, posting what PlanB considered to be identifying information on Twitter before deleting it and saying he was “wrong to post any personal information” about PlanB and adding anonymous bitcoin users “should have the right” to stay anonymous.

“It’s extremely important to be bullish for the right reasons,” Klippsten said via Twitter, explaining his opposition to the popularization of the stock-to-flow model.

“Otherwise you’ll have weak hands when your belief is proven false.” Klippsten, speaking via Telegram, said he supported the stock-to-flow pricing model until just a few months ago when he “looked into the models and realized they’re invalid” and “have zero predictive power.”

According to PlanB, who has disputed the information posted by Klippsten, the stock-to-flow pricing model shows bitcoin will reach $288,000 before the next bitcoin halving in 2024.

PlanB has also argued that assets that have a high stock-to-flow have a high value, pointing to gold, silver, diamonds and real estate in a chart posted to Twitter.

In other trending Bitcoin News today:

Bitcoin Active Addresses Shatters 1,000,000! Bitcoin’s fundamentals continue to show signs of strength.

According to the on-chain data provider Coin Metrics, the number of BTC active addresses has soared to a level not seen in over two years.

“Bitcoin doesn’t have to be complicated. The supply is capped and the number of users has been growing exponentially this whole time.”

Analysts use the active addresses metric to measure the rate of a crypto asset’s adoption.

The metric refers to the number of unique addresses that are active on the network as a sender or receiver of the crypto token.

On September 25th, the number of BTC active addresses skyrocketed to 1.14 million – the highest level since the 2017 bull market.

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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:

blocked: noise control

— PlanB (@100trillionUSD) September 28, 2020

OK, by Dec 2021 we will know then: S2F>$100k, Dave

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Walmart has not yet announced a purchase of $1 billion worth of Bitcoin. But it will and let me tell you what’s going to happen when it does.

Walmart is the epitome of working class America. Built off the back of America’s mom and pop, it is now the world’s largest company by revenue raking in $548 billion in 2020. 

When Walmart adds $1 billion of bitcoin to its balance sheet, you’ll have that same average Joe’s full attention. It will create the ultimate exposure for Bitcoin to blue collar Americans and trigger a global monetary paradigm shift that is long overdue.

In other trending Bitcoin News today:

TIME Magazine Joins Tesla in Keeping Bitcoin on Its Balance Sheet

It was only a matter of TIME.

One of the most recognizable publications in the world, TIME Magazine will now be receiving some payments in Bitcoin, according to Grayscale CEO Michael Sonnenshein. What’s more, unlike some people, it won’t be immediately converting that crypto to fiat.

“Thrilled Grayscale is partnering w/ TIME on a new video series coming this summer explaining the crypto space,” Sonnenshein tweeted today. “Equally as important, Keith Grossman & TIME has agreed to be paid in Bitcoin – and will hold the BTC on their balance sheet. A first for our media partnerships!”

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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://bitcoinmagazine.com/business/what-happens-when-walmart-buys-1-billion-of-bitcoin

https://decrypt.co/66263/time-joins-tesla-keeping-bitcoin-balance-sheet

https://cointelegraph.com/news/ether-hits-new-all-time-high-above-2-200-hours-ahead-of-berlin-hard-fork

https://cointelegraph.com/news/bitcoin-breaks-new-all-time-high-above-63k-what-are-traders-saying

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

With Bitcoin hovering above $50,000, widely followed crypto analyst and trader Pentoshi is predicting a wild Bitcoin rally, with the leading cryptocurrency now primed to print a massive green daily candle.

“$49,893 as posted yesterday was the point of breakdown in May. Right now acting as support. BTC in my opinion trapping sellers and about to put a green candle where the sun doesn’t shine for bears. $5,000 candle in a day seems like something that’s being built.”

As for his bull cycle target for Bitcoin, Pentoshi believes that BTC could rally to as high as $180,000, marking a 250% upside potential from its current value of around $51,000.

“Vertical accumulation innit ‘colorized’ 2012-2021.”

In other trending Bitcoin News today: On Tuesday, El Salvador will officially begin using Bitcoin as its national currency alongside the United States dollar.

Despite heavy warnings and even demands to abort the move from the likes of the International Monetary Fund and others, the country’s president, Nayib Bukele, has held firm. Now, Bitcoin and its adoption will begin a major new experiment.

“BREAKING: At the same time El Salvador’s bitcoin bill will become law, at 3pm September 7th, a huge Brazilian Reddit community, with more than 3 million members, will buy $30 in BTC each, remembering that Sep 7th is Brazil’s independence Day. More and more users are joining.”

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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/btc-becomes-legal-tender-in-el-salvador-5-things-to-watch-in-bitcoin-this-week

https://cointelegraph.com/news/conservative-btc-supply-shock-metric-now-says-bitcoin-should-cost-at-least-55k