S2F creator has ‘no doubt’ Bitcoin will hit $100K by December 2021
Cointelegraph
Published Nov 09, 2020 05:00AM ET
Updated Nov 10, 2020 08:20AM ET
PlanB, the creator of the stock-to-flow (S2F) model, reiterated on Nov. 8 that Bitcoin (BTC) is well on its way to hit $100,000. The pseudonymous analyst expects the dominant cryptocurrency to achieve the $100,000 to $288,000 range by December 2021.
Bitcoin would have to increase by around 545% from the current price to surpass $100,000. At that price point, the market capitalization of BTC would near $2 trillion, or roughly the same as Apple (NASDAQ:AAPL), the world’s most valuable company.
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Written By: Cointelegraph
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