{"id":31523,"date":"2020-11-10T13:54:47","date_gmt":"2020-11-10T11:54:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31523"},"modified":"2025-08-28T04:08:37","modified_gmt":"2025-08-28T01:08:37","slug":"planb-bitcoin-set-to-reach-100000-288000-by-december-2021","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/planb-bitcoin-set-to-reach-100000-288000-by-december-2021\/","title":{"rendered":"PlanB: Bitcoin set to reach $100,000\u2013$288,000 by December 2021"},"content":{"rendered":"<p>The popular blogger PlanB has reiterated that he remains faithful to his forecast that Bitcoin will reach $100,000\u2013$288,000 by December 2021. He found further evidence in support of a supply squeeze, in line with the Stock-to-Flow (S2F) model on which his expectations rest.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">People ask if I still believe in my model. To be clear: I have no doubt whatsoever that <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a> S2FX is correct and <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a> will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice! <a href=\\\"https:\/\/t.co\/GNSxLIt7NG\\\">pic.twitter.com\/GNSxLIt7NG<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a href=\\\"https:\/\/twitter.com\/100trillionUSD\/status\/1325396958622724100?ref_src=twsrc%5Etfw\\\">November 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The expert drew an analogy to a star colliding with a black hole. PlanB noted that during periods of market corrections he observes Bitcoin whales&#8217; algorithms accumulate hundreds of 0.01 BTC slices from <a href=\\\"https:\/\/www.investopedia.com\/terms\/w\/weakhands.asp\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">weak hands<\/a>. In the longer term, these coins disappear into deep cold storage.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Now watch how those Bitcoins that some dumb weak hand sellers sold in big chucks last 4 hours will be sucked up by strong hand buyers with hundreds of smart small 0.01 BTC algo buys. Those BTC will disappear in deep cold storage\ud83c\udf2a\ufe0f <a href=\\\"https:\/\/t.co\/4vTWeZk1yD\\\">pic.twitter.com\/4vTWeZk1yD<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a href=\\\"https:\/\/twitter.com\/100trillionUSD\/status\/1325843354836414465?ref_src=twsrc%5Etfw\\\">November 9, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>S2F is used to determine scarcity or surplus of an asset and is calculated as its current supply divided by new issuance over the specified time window.<\/p>\n<p>According to the S2F model, moving Bitcoins to long-term storage wallets reduces selling. This is especially true after the halving, which triggers a supply shock and spurs a bull market over the following 18-20 months. This was characteristic of the first and second halvings in 2012 and 2016.<\/p>\n<p>Earlier in October, Charlie Morris, head of ByteTree&#8217;s analytics service, doubted that the S2F model works.<\/p>\n<p>In June, Ethereum co-founder Vitalik Buterin criticized the S2F model.<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"UyVwOpYWXe\\\">\n<p>Astrology and Marketing: Analysts criticized the Stock-to-Flow model for Bitcoin<\/p>\n<\/blockquote>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u00ab\u0410\u0441\u0442\u0440\u043e\u043b\u043e\u0433\u0438\u044f \u0438 \u043c\u0430\u0440\u043a\u0435\u0442\u0438\u043d\u0433: \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438 \u0440\u0430\u0441\u043a\u0440\u0438\u0442\u0438\u043a\u043e\u0432\u0430\u043b\u0438 \u043c\u043e\u0434\u0435\u043b\u044c Stock-to-Flow \u0434\u043b\u044f \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\u00bb \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/exclusive\/astrologiya-i-marketing-analitiki-raskritikovali-model-stock-to-flow-dlya-tseny-bitkoina\/embed#?secret=mBaSUtlHLG#?secret=UyVwOpYWXe\\\" data-secret=\\\"UyVwOpYWXe\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>Follow ForkLog News on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PlanB reaffirms his forecast that Bitcoin will reach $100,000\u2013$288,000 by December 2021, citing further signs of a supply squeeze consistent with the Stock-to-Flow model.<\/p>\n","protected":false},"author":1,"featured_media":31524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1268],"class_list":["post-31523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31523"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31523\/revisions"}],"predecessor-version":[{"id":31525,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31523\/revisions\/31525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31524"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}