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The world will be “nasty” if Bitcoin hits stock-to-flow’s BTC price predictions of $288,000 and higher, PlanB warns, as governments will fight for it.
The creator of the Bitcoin price model, which forecasts $288,000 for BTC/USD by 2024 will “go dark” if his BTC predictions come true.
Speaking on the latest edition of the Stephan Livera podcast on May 5, PlanB warned about the implications of his Bitcoin bull scenario.
Stock-to-flow’s latest incarnation, S2FX, was released last week and increased its average Bitcoin price expectations five times compared to the previous version. For PlanB, despite the obvious satisfaction of BTC/USD increasing by an order of magnitude in line with stock-to-flow, the result would not be without its problems.
“I will go dark if the model is successful because if the model is successful, it will not be a pretty picture,” he said. “It will be nasty, it will (be) maybe war — people have Bitcoins, some people don’t have Bitcoin, it’ll be some countries have Bitcoins, some won’t have Bitcoins, it will be the U.S. dollar losing its reserve status, it will be geopolitical, it will be military.”
In other trending Bitcoin News today:
Bitcoin Whales Have Been Buying En-Masse Since Early-2020: “Macro Bullish” Sign
Unlike traditional assets, where many transactions are hidden, Bitcoin is almost entirely transparent.
One may not know who made a transaction or who owns an address, yet people can gain access to data of transactions.
It is a nearly inescapable fact that many have used to their advantage.
One can analyze the data in order to get an edge over their fellow investors and users. Noted on-chain analyst Willy Woo made this much clear, recently saying that Bitcoin data is printing a “macro bullish sign.”
Citing data from Glassnode, Willy Woo on May 5th noted that the population of large Bitcoin holders (1,000+ coins) has increased strongly since January’s lows.
This indicates these users have been in “solid accumulation mode,” which is a “macro bullish” trend:
“Whale population spotted increasing in the wild. They’ve been in solid accumulation mode since January unperturbed by the COVID crash.
This is macro bullish,” Woo said With just 5 more days to go until the infamous Bitcoin Halving, notably, retail investors have also been found to have recently been buying BTC.
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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:
Lol, this is not a tweet stating that it’s going to moon or what. Just in general doing pretty well.
Even a retrace to mid $6k is still ‘pretty well’ for $BTC.
— Crypto Michaël (@CryptoMichNL) May 5, 2020
I admit I like to rile you guys up. Once #Bitcoin collapse I won’t be able to do it as much. So I need to make hay while the sun shines, as it won’t shine for long.
— Peter Schiff (@PeterSchiff) May 5, 2020
https://cointelegraph.com/news/bitcoin-price-criss-crosses-9k-as-peter-schiff-warns-of-collapse