There are many prediction models that predict the price of bitcoin. One of the famous models is the Plan B stock-to-flow model. It is predicted that BTC would reach $100k before the end of the year.
Here is what I want to know the view of the community about.
1. Do you think such prediction models are realistic?
2. What major event do you think will usher BTC and the entire industry into the next bullrun?
3. Do you think Microstragy purchasing large units of btc will influence the price?
Some are of the opinion that sovereign funds and institutions will buy at discount. Well, what do you think?
1.) It’s realistic given the fact that Bitcoin already proved crazy gains based on its price history. But no one knows when it will happen but there is a possibility for that to occur in the future.
2.) Approval of spot based ETF and when the inflation and other economic crisis around the globe will be finally over. US stock market plummeted same as Bitcoin but when its already recovering, this might be the start for Bitcoin to do the Plan B.
3.) No