The inventor of the Stock-2-Flow (S2F) model, a crypto specialist, has an optimistic prediction for the leading digital currency in the world. PlanB's comments reflect the premier coin trading this past week at a 16-month low of $26,350.49 as the broader virtual currency system fell apart following the failure of the Terra protocol. Despite the existence of several downtrends recently in the cryptocurrency market, PlanB thinks that the market price has bottomed out and that the stage has indeed been set for the forthcoming bull run.
He noted that this is a normal BTC cycle in a tweet, “December 2021 I was still hoping for a 2nd leg of the bull market. But in Q1 2022 it became clear that this bitcoin bull market was over. We entered a bear market at the Apr 2021 peak (yes ATH was Nov 2021). Now we are creating a bottom. Then a new bull market will start,”
Due to the fact that PlanB's S2F model may be used with a wide range of assets, he has achieved fame in the financial industry. Due to the recent high volatility of the digital asset, his projections concerning BTC haven't always come true.
One of PlanB's top forecasts for the price of Bitcoin is that it will unquestionably reach the $100,000 threshold by 2023. Even though the second quarter of 2022 has recently begun, conservative observers think the prediction is very optimistic. PlanB is the perfect candidate to counsel against discounting the possible value of the digital asset, especially in the context of the fact that BTC once printed an ATH of more than $68,000.
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