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Bitcoin (BTC) Price May Even Reach $900,000: PlanB on 'Stock-to-Flow' Misunderstandings

News
Sat, 06/13/2020 - 15:46
Vladislav Sopov
The 'stock-to-flow' model for Bitcoin (BTC) is in the spotlight for bullish traders as they foresee insane gains for the flagship cryptocurrency’s price.
Bitcoin (BTC) Price May Even Reach $900,000: PlanB on 'Stock-to-Flow' Misunderstandings
Cover image via u.today
Contents

Seasoned trader and analyst PlanB, who is well-known for his 'stock-to-flow' (S2F) model of Bitcoin (BTC), decided to clear all misunderstandings about its new version, the 'Cross Asset Model'.

$100,000 is Not the Limit

Typically, the inhabitants of Crypto Twitter have attempted to interpret PlanB's 'stock-to-flow' charts and are sure that $100,000 mark is the upper limit for the next bull rally. However, the author of these fascinating model outlined that the six-digit club is actually the start of an upmove rather than a target.

PlanB published an explanation for S2FX model
Image via Twitter

In Phase 5, Bitcoin (BTC) will have a 'stock-to-flow' ratio between 55 and 60. So, its price may grow from $100,000 to $900,000.

PlanB also claims that his model can't be falsified. Some very scarce assets like real estate objects or precious stones can be excluded from this forecast. This in turn doesn't mean it can be falsified.

It should be noted that U.Today Crypto News recently covered one S2F model for Ethereum (ETH). It was calculated by the Australian crypto evangelist Alex Saunders, who assumes that the price of Ethereum (ETH) also has a bright future.

When Will it Reach the Moon?

Finally, PlanB unveiled a list of assets that are not subject to price evaluations of the 'stock-to-flow' model. PlanB named altcoins with no Proof-of-Work (PoW) consensus or hash rate, and precious metals with no liquidity.

As usual, commentators started to ask PlanB about the accurate time frame of Bitcoin's explosive upmove towards the six-digit club. He admitted that time isn't considered as an input in his models, so, he can only guess about it:

Time is not a variable in S2FX, only S2F and value. But I would guess end2020-end2024-ish

Designed by Dutch blockchain enthusiast PlanB, the 'stock-to-flow' model explains the insane bullish rallies for the flagship cryptocurrency by its rapidly decreasing supply.

Plan B assumes that the fifth stage of this model started in May 2020.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)