RATE Group | Refreshed Model: Bitcoin (BTC) to See $100,000 After 2020’s Halving
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Refreshed Model: Bitcoin (BTC) to See $100,000 After 2020’s Halving

15 Jul Refreshed Model: Bitcoin (BTC) to See $100,000 After 2020’s Halving

Posted at 05:13h in Bitcoin News by

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For a while now, Bitcoin (BTC) has seemingly moved with rhyme nor reason. Today, the crypto asset is down 7%, falling off of no clear fundamental event. And just four days, it was rallying by over 10%, pushing ever closer to near its year-to-date high of $14,000.

Despite the day-to-day volatility, valuation models have begun to arise for Bitcoin, ones that may give insight into where this cryptocurrency can head in the long run.

Related Reading: Crypto Tidbits: Donald Trump Jabs Bitcoin, Bitpoint Hacked for XRP, Litecoin Bags Partnership

According to a refreshed model by a leading statistician in this market, should BTC follow a model that it has for over seven years, it could see six digits in the coming two years.

The Road to a $1 Million Bitcoin

You might not know him, but Bitcoin analyst PlanB has a model that may shock cryptocurrency investors the world over.

Before we begin, let’s take a quick look at the definitions of the stock-to-flow ratio (SF) and its effect in financial…

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