Crypto News

Prediction: By 2022, the bitcoin will reach $100 000

Creator of one of the most historically accurate models of predicting prices based on bitcoin is confident that by 2022 VTS will reach $ 100,000.

In an interview with the founder of Global Macro Investor Raoul PAL, PlanB, the author of the tool Stock-to-Flow, stated that previously “did not expect that BTC will reach six figures”.

He now confidently predicts a rise to $100,000 or higher by 2022. The driving force behind the sharp increase in the price of the MTC will be may halving coins.

PlanB is well respected among the community for the accuracy with which the Stock-to-Flow tracks the movement of the first cryptocurrencies. And now the trader said that if his prediction is not accurate, then the model of the motion of the PTS related to the dynamics behavior of the stock market is erroneous.

His predictions are shocking, but these models present a compelling argument in favor of the start of the parabolic phase after may 2020, when it will be possible to check the accuracy of the model.

Such forecast was sounded recently by another famous trader, Crypto-Rand. Upcoming halving will reduce the activity of the miners and provoke the deficit of the first cryptocurrency on the market. According to his logic:

In 2012 having reduced the production of VTS for $302 400 per week.In 2016, the reduction was $8 190 000 per week.Halve 2020 will be the most significant and will reduce the new supply of VTS on the $63 000 000 in a week.

Source:forknews.io

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