BTC price passes $47K 'worst-case scenario' as Bitcoin realized cap hits all-time high

Cointelegraph

Published Aug 14, 2021 04:47AM ET

Updated Aug 14, 2021 06:20AM ET

Bitcoin (BTC) at $47,000 is turning heads but is in fact only the "worst-case scenario" for one of its most popular analysts.

In a tweet on Aug. 13, PlanB, creator of the stock-to-flow family of Bitcoin price models, reiterated that $47,000 should be just the beginning for BTC/USD.

Bitcoin realized cap vs. BTC/USD chart. Source: Glassnode/ Twitter

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