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In this video, I discuss 2021 price targets for Bitcoin, paying particular attention to Plan’s B’s original stock-to-flow model, as well as his stock-to-flow cross asset model.
I conclude that in spite of the price damage done by China’s crackdown on Bitcoin, it will still be quite easy for Bitcoin to hit at least $200,000 by year end.
Institutional interest in Bitcoin remains strong, and we should continue to see a wall of money moving into Bitcoin from both retail and institutional investors.
Not investment advice! Consult a financial advisor.
China’s Bitcoin crackdown continues:
Bitcoin network hash rate chart:
Bitcoin mining stats:
My favorite Bitcoin dashboard:
Bitcoin price action after halvings:
Plan B’s original Bitcoin price model:
Stock-to-flow model chart:
Bitcoin hitting lower bound of stock-to-flow model:
Even for me it is always a bit uneasy when bitcoin price is at the lower bound of the stock-to-flow model. Will it hold (like Mar 2019 when I published S2F, or Mar 2020 Covid, or Sep 2020 with BTC stuck at $10K) and is this another buying opportunity? Or will S2F be invalidated? pic.twitter.com/iIjTC2Ncy3
— PlanB (@100trillionUSD) June 23, 2021
More stock to flow charts showing standard deviation lines:
Stock-to-flow cross asset model:
Institutions still moving into Bitcoin:
Plan B’s on-chain model and August close above $47,000:
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