PlanB, the well-known creator of the contested stock-to-flow (S2F) model, believes Bitcoin (BTC) is now well on track to reach $100,000 as the price has risen to yearly highs. The optimistic sentiment coincides with the shift in momentum from alternative cryptocurrencies, or altcoins, to BTC.
“I can’t make a chart for you now (at sea), but S2F model perfectly on track.”
At the same time, the price of Bitcoin has increased by 17% this week, as it broke through a major three-year…
… Continue Reading at: cointelegraph.com [source]