RATE Group | New Stock-to-Flow Forecast Puts Average Bitcoin Price at $288K by 2024
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New Stock-to-Flow Forecast Puts Average Bitcoin Price at $288K by 2024

28 Apr New Stock-to-Flow Forecast Puts Average Bitcoin Price at $288K by 2024

Posted at 09:48h in Bitcoin News by

The latest version of a popular and thus far accurate Bitcoin (BTC) price model predicts an average price of $288,000 — and it could happen this year.

In a blog post introducing the third incarnation of the stock-to-flow (S2F) model on April 27, analyst PlanB revealed fresh calculations that are taking his forecast ever higher.

BTC S2FX demands $288K per coin

This time, gold and silver joined in, combining with BTC to create the new BTC S2F cross-asset model or S2FX.

Stock-to-flow calculates a value based on the supply of new Bitcoins entering circulation through mining versus the existing supply, or “stock.”

The retroactive application confirms that the model is extremely competent at charting Bitcoin’s growth, with even last month’s 60% drop still falling within its predicted range.

Prior to S2FX, an “updated” stock-to-flow chart put BTC/USD at an average of around $100,000 between 2020 and 2024. With the release of the new version, however, the prediction has almost…

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