This unexpected factor could cause the Bitcoin price to skyrocket to $500,000 next year!!

The year 2021 will be a bearish year for Bitcoin, leaving even experts unsure of what King Coin will decide next.

near the end of this year Investment expert Anthony Pompliano spoke with modeler Plan B. Stock-to-Flow They discuss bitcoin prices. both in terms of whether the market will go down or not Including the strategy of Plan B in analyzing Bitcoin.

Given the Bitcoin bullish momentum due to the Chinese FUD, it should come as no surprise that Pompliano discussed Plan B’s bitcoin price trend forecast.

Plan B said

“…I think the price of Bitcoin will still be above $100,000, maybe above $135,000 by the end of the year, and it will continue to grow and grow. Perhaps it will skyrocket to the model. Stock-to-Flow The target is $288,000 or more. I wouldn’t be surprised to see prices go as high as three hundred, four hundred or five hundred thousand dollars within Q1 or 2 next year…”

He also added that the factors that led to the subsequent increase in prices. This may be due to a “FOMO” transaction.

In addition, Plan B admits he is a “Full Bull” but he is quite confident he will switch from bulls to bears in the future. However, he claims he is not yet ready to officially reveal the change. Because he may be provoking a bear market, it is possible.

After all He concluded that

“…I think there might be another collapse. And it might be as big as any collapse we’ve experienced before. We’ve been through an 80% collapse three times. So it is possible that there might be a next time…”

Other indicators

When Pompliano asked Plan B whether the news would affect the S2F model, he admitted that he always followed major market developments or investment news. It also affects the price of Bitcoin.

However, Plan B clarified that news events were not part of the S2F model, adding that he did not read CNN, Bloomberg or the Wall Street Journal at all. When it comes to Bitcoin news coverage

Plan B said

“…I think we actually have at least one more cycle in prophesying. Stock-to-Flow and yes, that will keep Bitcoin priced in the range of one million to five million dollars. And I really believe that it will be so…”

but still Analysts have warned that the S2F model will lose accuracy after the next halving.

The four-year cycle?

Plan B asserts that he believes in the four-year cycle of Bitcoin: exponential (multiple) peaks, corrections, accumulation and continuity. However, not all experts think the same way.

According to on-chain bitcoin analyst Willy Woo, who admitted on the What Bitcoin Did podcast that he thinks bitcoin is “mature” (it won’t grow any more).

Woo also added,

“The word cycle is not really a cycle in my calculations.”

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