RATE Group | Stock-to-Flow Creator Says Bitcoin is ’Not a Toy Anymore’
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Stock-to-Flow Creator Says Bitcoin is ’Not a Toy Anymore’

03 May Stock-to-Flow Creator Says Bitcoin is ’Not a Toy Anymore’

Posted at 06:52h in Bitcoin News by

Crypto analyst and Twitter personality, PlanB, recently said Bitcoin is serious business as he recapped the asset’s journey over the last decade. 

“This thing is not a toy anymore,” PlanB told Peter McCormack in a May 1 podcast episode. “It’s maybe not an asset anymore as well,” he said, adding, “It is going to be much bigger than that.”

PlanB created a concept for Bitcoin’s growth compared with its supply

PlanB is known around the crypto space for his stock-to-flow model. The model takes into account Bitcoin’s block reward, or current inflation, and halving events, factoring those into the asset’s price. 

According to that data, PlanB plotted a few future price targets for Bitcoin, ultimately showing the asset’s potential for a $1 million price tag down the road. 

PlanB published an updated version of his model in an April 27 blog post, making gold and silver part of the equation, while taking the time component out. 

Bitcoin started out as a toy

Referencing its early…

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