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S2F Creator Predicts BTC Would Hit $100,000 By December 2021

The creator of stock-to-flow (S2F), PlanB, said he has "no doubt" that Bitcoin would reach the $100,000 to $288,000 range before the end of 2021. 

Tolu Ajiboye by Tolu Ajiboye
November 9, 2020
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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. 

Tags: bitcoinPlanBS2Fs2fx
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