• Latest
Sparks Fly as Critics Query Bitcoin Product Predicting $100,000 by 2021

Sparks Fly as Critics Query Bitcoin Product Predicting $100,000 by 2021

July 3, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

Sparks Fly as Critics Query Bitcoin Product Predicting $100,000 by 2021

coinnewsdaily by coinnewsdaily
July 3, 2020
in Bitcoin
0
Sparks Fly as Critics Query Bitcoin Product Predicting $100,000 by 2021
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


The Bitcoin Stock to Movement (S2F) product made by the pseudonymous analyst “PlanB” has been a controversial topic above the previous yr. A vast majority of cryptocurrency investors on Twitter seemingly feel in the product, though it’s more and more arrive beneath fire.

Discussion about PlanB’s function has appear to a head over the previous couple days as prominent commentators have chimed in.

What Is the Stock to Movement Model?

The S2F design is an econometric formula released by PlanB in March of 2019. The pseudonymous analyst is a Dutch institutional trader that manages a multi-billion harmony sheet, nevertheless he moonlights as a Bitcoin proponent.

PlanB’s analysis suggests that the worth of Bitcoin and other treasured items, particularly gold and silver, can be valued by their scarcity. The image underneath is the model’s first iteration.

BTC S2F design (first iteration) by analyst "PlanB" (@100trillionusd on Twitter).

The design predicts that soon after 2020’s block reward halving, BTC will increase to a sector capitalization of $1 trillion. That corresponds with approximately $55,000 for every coin.

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022

The predicted industry value for bitcoin just after Could 2020 halving is $1trn, which translates in a bitcoin price of $55,000. [This money will come from] silver, gold, nations with destructive interest fee, nations around the world with predatory governments, billionaires and millionaires hedging versus quantitative easing (QE), [and more].”

It has considering that been current with a new regression components that suggests Bitcoin will get to $100,000 in 2020 or 2021.

PlanB’s updated iteration of the product has a substantial R squared worth of ~95% and is purportedly “cointegrated” with BTC’s value. Data lingo apart, the S2F model’s proponents say that this is a affirmation that the model has credence.

Not everybody thinks that’s the case, regrettably for BTC bulls.

Some Bitcoin Proponents Connect with Out Criticism

The S2F design has not too long ago been supported by a range of Bitcoiners.

Bitcoin educator/programmer Jimmy Music wrote the pursuing information on July 2nd, arguing that it is effectively far too soon to “dunk” on the model:

“Why are men and women dunking on the s2f product just a number of issues changes earlier the halving? The prediction was that BTC will be $100k before the end of 2021. Declaring victory now is like declaring victory 5 minutes into the recreation.”

Why are persons dunking on the s2f design just a several trouble adjustments past the halving?

The prediction was that BTC will be $100k in advance of the finish of 2021.

Declaring victory now is like declaring victory 5 minutes into the recreation.

— Jimmy Song (송재준) (@jimmysong) July 2, 2020

The Keiser Report co-host Max Keiser, one particular of BTC’s earliest community bulls, agreed with the sentiment place forth by Song.

He said that the arguments “‘debunking’” the S2F design “appear to be just random term-salads by attention seekers.” Keiser included that he thinks the design is a “valid and vital analysis” that presents “excellent insight” into Bitcoin.

So far, the arguments “debunking” S2F for BTC surface to be just random phrase-salads by awareness seekers.

S2F is a legitimate and important assessment of #Bitcoin rate that supplies exceptional insight into the industry. https://t.co/diqJfThIg3

— Max Keiser (@maxkeiser) July 3, 2020

Keiser’s and Song’s statements of support for the econometric design appear as it has occur underneath fire from a couple angles.

Particularly, Nico Cordeiro, the CIO of Strix Levithan, introduced a report entitled “A Chameleon Design – Why Bitcoin’s Stock-to-circulation Model is Fatally Flawed.”

The investor explained that gold has not been correlated with its S2F ratio around the previous ten years. Cordeiro added that he thinks the design is illogical owing to it predicting $200 million by 2045.

Showcased Picture from Shutterstock
Rate tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Sparks Fly as Critics Concern BTC Design Predicting $100,000 by 2021



Share76Tweet47
Previous Post

Lebanese Bitcoin Scammer’s Identity Revealed After Two Years of Covert Cybersecurity

Next Post

A Sign Final Viewed Before Bitcoin Plunged to $3,700 Is About to Return

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
btc and eth will break all time highs in 2022 — celsius ceo
Bitcoin

BTC and ETH will break all-time highs in 2022 — Celsius CEO

April 21, 2022
price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
Bitcoin

Play-to-Earn Bitcoin Games: How Lightning Network Enables Gamers to Earn Sats

April 20, 2022
Load More
Next Post
A Sign Final Viewed Before Bitcoin Plunged to $3,700 Is About to Return

A Sign Final Viewed Before Bitcoin Plunged to $3,700 Is About to Return

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,002.00-0.03%
  • ethereumEthereum(ETH)$1,566.32-1.65%
  • tetherTether(USDT)$1.000.13%
  • binancecoinBNB(BNB)$305.15-0.23%
  • rippleXRP(XRP)$0.409309-0.34%
  • cardanoCardano(ADA)$0.382578-0.37%
  • dogecoinDogecoin(DOGE)$0.0878360.94%
  • matic-networkPolygon(MATIC)$1.14-1.50%
  • okbOKB(OKB)$38.736.66%
  • solanaSolana(SOL)$23.90-1.37%
  • polkadotPolkadot(DOT)$6.36-2.21%
  • shiba-inuShiba Inu(SHIB)$0.0000120.67%
  • litecoinLitecoin(LTC)$88.710.15%
  • tronTRON(TRX)$0.062875-1.10%
  • daiDai(DAI)$1.000.19%
  • cosmosCosmos Hub(ATOM)$13.09-0.95%
  • chainlinkChainlink(LINK)$7.16-2.61%
  • leo-tokenLEO Token(LEO)$3.74-2.47%
  • moneroMonero(XMR)$184.733.48%
  • ethereum-classicEthereum Classic(ETC)$21.62-1.53%
  • bitcoin-cashBitcoin Cash(BCH)$131.42-1.86%
  • stellarStellar(XLM)$0.0926140.26%
  • crypto-com-chainCronos(CRO)$0.081138-0.16%
  • filecoinFilecoin(FIL)$5.22-2.34%
  • algorandAlgorand(ALGO)$0.2551711.00%
  • vechainVeChain(VET)$0.024028-2.77%
  • internet-computerInternet Computer(ICP)$6.030.35%
  • aaveAave(AAVE)$83.66-3.51%
  • eosEOS(EOS)$1.09-2.58%
  • elrond-erd-2MultiversX(EGLD)$44.29-1.23%
  • theta-tokenTheta Network(THETA)$1.07-4.39%
  • tezosTezos(XTZ)$1.10-0.77%
  • paxos-standardPax Dollar(USDP)$1.00-0.32%
  • bitcoin-cash-svBitcoin SV(BSV)$43.29-2.50%
  • huobi-tokenHuobi(HT)$5.111.27%
  • havvenSynthetix Network(SNX)$2.45-3.63%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.99-0.14%
  • iotaIOTA(MIOTA)$0.236107-2.92%
  • zcashZcash(ZEC)$45.05-2.96%
  • makerMaker(MKR)$648.12-2.55%
  • neoNEO(NEO)$8.17-0.44%
  • dashDash(DASH)$50.50-2.44%
  • zilliqaZilliqa(ZIL)$0.029226-0.25%
  • basic-attention-tokenBasic Attention(BAT)$0.259330-1.36%
  • compound-governance-tokenCompound(COMP)$55.56-3.71%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038420-3.30%
  • kusamaKusama(KSM)$36.170.23%
  • bitcoin-goldBitcoin Gold(BTG)$17.44-0.05%
  • wavesWaves(WAVES)$2.793.09%
  • qtumQtum(QTUM)$2.63-3.32%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • sushiSushi(SUSHI)$1.29-3.69%
  • golemGolem(GLM)$0.244292-1.29%
  • yearn-financeyearn.finance(YFI)$7,436.88-2.61%
  • omisegoOMG Network(OMG)$1.46-2.82%
  • ontologyOntology(ONT)$0.213796-2.43%
  • digibyteDigiByte(DGB)$0.010629-3.66%
  • umaUMA(UMA)$2.070.08%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%