The creator of the stock-to-flow model, PlanB, believes that Bitcoin price would hit $100,000 by December 2021. PlanB said that the price of the king coin would reach between $100,000 to $288,000 by the coming year.
Cointelegraph noted that BTC would have to jump over 545% from its current price to meet PlanB’s prediction. At $100,000 per BTC, Bitcoin market capitalization would compete with Apple’s at about $2 Trillion.
On the 8th of November, PlanB reiterated his belief in the S2F model in a tweet. Stating that 2021 would be a spectacular year for BTC, he added:
“…I have no doubt whatsoever that Bitcoin S2FX is correct and Bitcoin will tap $100K-288K before December 2021. In fact I have new data that confirms the supply shortage is real….”
Cointelegraph further highlighted two major factors S2F considered in predicting the long-term price. Specifically, S2F considers Bitcoin fixed supply and the block reward halving.
Based on the two factors, the S2F model predicts that BTC would be valued at $5.5 trillion before 2021. According to the model:
“S2FX model estimates a market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020-2024)…this translates into a BTC price (given 19M BTC in 2020-2024) of $288K.”
Since its last halving in May, BTC has surged about 78.1% from $8,700 to $15,000.
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