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

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Sat, 06/13/2020 - 15:46
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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
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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.

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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.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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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.)