Bitcoin Halving Will be ‘Make or Break’ for Stock-to-Flow Model: PlanB | $30K BTC Price End of 2020
in today's show the Bitcoin having will be make or break for the sock the flow model according to the stock the flow creator Plan B who just shared on crypto Twitter in my opinion Bitcoin 2020 having will be like 2012 and 2016 as per the stock the flow model I expect 10x price one to two years after the having the having will be make-or-break for stock the flow model I hope this having will teach us more about underlying fundamentals and network effects we'll be breaking this down for you in today's show and also being we're talking about the halving here's a fact Bitcoin is trading below production costs now 24 days from the having last time Bitcoin was trading below production cost into the having it rallied 2,700 percent also in today's show we'll be discussing why Bitcoin rallying 15% to 8,000 is just a matter of time away check this out from light crypto acceptance of this price level comes from new buyers absorbing profit taking and miner selling after one month of consolidation it seems that tension will be resolved shortly with enough kindling built up for the strong leg feels like eight thousand dollars is at hand I'll be breaking this down for you in today's show also in today's show we'll be taking a look at the overall cryptocurrency market Bitcoin and the entire crypto market had a nice surge yesterday surpassing the 200 billion dollar mark for the total market cap right now bitcoins still hovering above that $7,000 critical support where's the Bitcoin price likely to go from here find out all this plus so much more in today's show here at crypto news alerts I drop a brand new episode every single day so be sure to smash that subscribe button and click that Bell icon to receive notifications of the latest premium crypto news and before we kick off today's show if interested in attending a free online event with the number-one most influential person in cryptocurrency we're talking about a Bitcoin pioneer Charlie Shrem to discover how traders are making 100 to 500 percent gains without making a single trade on their own then be sure to smash that link right down below this video in the description alright welcome back to another episode of crypto news alerts I'm your host J V and let's dive right into today's top story of the day the Bitcoin having will be make-or-break for the stock the flow model according to the stock the flow creator Plan B who says that the upcoming block reward having will decide if it lives or dies in a series of tweets on April 16th just yesterday Plan B said that he is sticking by the Bitcoin price increasing by an order of magnitude we're talking 10x within the next one to two years after the may having so let's put this in retrospect the halving is expected to be May 12th at this time so what he's saying and this is obviously 2020 the year we're in by May of 2022 he believes the Bitcoin price to be 10x and it's currently at 7,000 that would put the Bitcoin price at approximately $70,000 and now taking a look at this series of tweets from plan B who says in my opinion 2020 having will be like 2012 and 2016 which were the two previous having's as per the stock the flow model I expect a 10x price order of magnitude not precise one to two years after the having having will be make-or-break for the stock the flow model I hope this having will teach us more about underlying fundamentals and network effects and then let's check out some of the replies and responses to this tweet and then Dow Jones Bitcoin USD correlated plan B responded during crisis everything is correlated what's next is what's interesting they will not be correlated forever in my opinion P prime P responded if it works will you move to create n PV or future scarcity model using the flow as a baseline valuation maybe with a 1 theta inversely type structure based on the next having or do you have some other cool stuff in mind thank you for your willingness to share and educate and plan be responded yes if it works again I will make new models about all-time high all-time low and how it all plays out it will be fun if it works swap responded if it doesn't go 10x then will you give up on Bitcoin or just throw away the stock the flow model genuine question and Plan B responded if the stock the flow price relationship turns out to be spurious after all I will throw the model into the trash to be clear I expect stock the flow price relationship to hold filly node responded still same benchmark 50k buy end the year 2020 or model breaks down Plan B responded 55,000 was the original model based on the Bitcoin market cap later models with newer data and other lost coin adjustment or yearly instead of monthly data had different values 70,000 to a hundred thousand the latest non spurious stock the flow model has 30,000 the key is that an order of magnitude adding a zero and then green candle responded Plan B which of these three give you the greatest confidence I'm asking as we see that Nick now prefers the $30,000 model and Plan B responded I must find time to study and replicate the new AR DL not sure if I am on board on the having is structural break thing for now my intuition tells me to drop the two extremes 30 and 100 and go with a 50,000 to $70,000 range and if you're not familiar with the stock the flow model it measures the issuance of new bitcoins each block against bitcoins existing supply a method which has proven highly accurate and charting price performance I cover it quite often here on the show and I know I've done quite a few polls here on my channel and many of you have said that the stock the flow model is your favorite bitcoin indicator and I know it's personally mine as well as it's been so accurate over the long haul according to the models latest incarnation Bitcoin should hit 30,000 by the end of 2020 that's this year you know what I mean and I'll include this in the show notes below the video in the description as a resource for you to plug into and tap into and check out for yourself the Bitcoin macro will not correlate forever that's something that plan B continues to say responding to queries regarding bitcoins correlation to traditional markets a key concern among many traders is that a repeat of March could still occur Bitcoin shedding 60% in a day as stocks crash highlighting the Dow Jones plan be argued that the current correlation was the result of the broader coronavirus crisis and was not a permanent feature for Bitcoin because here's what he's quoted saying during crisis everything is correlated what's next is what's interesting they will not be correlated forever in my opinion and I agree 100% let me know your thoughts in the comments right down below promising to throw out the stock the flow model altogether if it fails to deliver as planned he added that he nonetheless was not nervous about such a scenario occurring recently some well-known crypto figures have criticized the concept and it has created a cult which reinforces its prognosis as coin Telegraph reported they include aetherium co-founder vitalic boo Turan and a Bitcoin whale known as j0e I guess Jo double-oh-seven to be clear I expect the stock the flow price relationship to hold plan be confirmed and being we're talking about the Bitcoin having let's take a look at the Bitcoin block reward having countdown we have 24 days 23 hours 7 minutes and 42 seconds remaining for the estimated date for the Bitcoin having set to be May 12th I can't wait if you're pretty excited for this event this phenomenon which only occurs approximately every 4 years let me know in the comments right down below and taking a look at what token mario has to share Bitcoin is trading below production costs now 24 days from the having last time Bitcoin was trading below production costs into the having it rallied 2,700 percent hashtag Bitcoin now this is a fact and before we get to our next story of the day on why Bitcoin rallying 15% to 8 thousand dollars is just a matter of time let's take a look at the overall cryptocurrency market we have Bitcoin maintaining above that $7,000 support up point 4 or 5 percent for the day trading at 7,000 $78 aetherium down 0.5% trading at 170 dollars XR P down 0.69% trading at just below 19 cents chain link up 2.3 5% trading at 3 dollars and 45 cents BnB 0.7% trading at 15 dollars and 67 cents gos down 1% trading at 2 dollars and 61 cents Satoshi Vision 0.8% trading at 194 dollars and Bitcoin cash 0.7% trading at 232 dollars all right now for our last story of the day after falling as low as 6500 dollars this week seemingly due to the stock market weakness Bitcoin has mounted a strong comeback over the past 24 hours rallying as high as 7200 as the Bulls have taken over other Kryptos have registered even more impressive gains $8,000 some analysts say is next for Bitcoin as the technical suggest that the rally isn't over yet Bitcoin hitting eight thousand dollars is at hand ever since the $3,700 bottom Bitcoin has mounted an impressive comeback rallying as high as 7500 last week as the global markets have also seen a similar recovery to pre crash levels but the rally might not be done yet crypto trader like crypto or just light recently remarked that it feels like eight thousand dollars is at hand referencing his sentiment that the crypto can soon see a rally just under 15 percent from the current levels of eight thousand dollars taking a look at his tweet on crypto Twitter here's what he wrote acceptance of this price level comes from new buyers absorbing profit taking and minor selling after one month of consolidation it seems that tension will be resolved shortly with enough kindling built up for a strong leg feels like $8,000 is at hand and he included this graph which I will include in the show notes below the video in the description so chances are buyers will win the tug-of-war although lights statement made it certain that 8000 is not a certainty there are signs that buyers will win that buyers will manage to wrest Bitcoin to 8,000 as opposed to a reversion to the downside firstly as the trader mentioned above indicated in his chart 7,000 is a key point of interest for the leading crypto with certain analysts branding it a decision point for the market Bitcoin managing to close Thursday's candle above this resistance and it continuing to so in the coming days into the weekly clothes will add credence to the bull case secondly buyers are currently involved in the NASA market in a seemingly bigger size than sellers or at least the buyer subset is increasing to a point that prices will naturally gravitate higher sort of how they did just before after the 2016 block reward having a case in point of this crypto asset fund vehicle provider grace scale investments and his latest quarterly investment report revealed that it took a record 503 million dollars worth of investment in quarter one of 2020 and as reported by news BTC previously a good portion of this capital went to aetherium but most of it was allocated to Bitcoin the raised amount is especially notable as it is approximately double the inflows greyscale has exhibited in quarter 4 of 2019 and much much more than any quarter before that it is representative of a larger trend in the crypto markets suggesting that both retail and institutional by side volume is bubbling as the halving approaches for it is now under a month out that's right we have about three and a half weeks to go 24 days to be exact these two trends add credence to the idea that Bitcoin will rally to $8,000 to reiterate what light said acceptance of this price level comes from new buyers absorbing profit-taking and minor selling feels like $8,000 is at hand I'm going to agree with this analysis what are your thoughts let me know in the comments right down below and now checking out the overall cryptocurrency market cap we're still sitting above two hundred billion two hundred and three billion to be exact with a hundred and thirty four billion in volume in the past 24 hours and the current BTC dominance is 64% and taking a look at the top gainers within the top 100 we have digit byte go digi leading the pack up 15% trading at point zero zero six high prion up 14% trading at 12 cents seal up 8% trading at 7 cents verge up 7 percent trading at point zero zero two Algren up almost 7 percent trading at 19 cents and tera up 6 percent trading at 22 cents and now taking a look at the biggest losers a BBC coin down 1% trading $0.11 holo down 1% trading at point zero zero zero 3-bike coin down about 1% trading at point zero zero zero to tax gold down 0.6% trading at seventeen hundred and thirty three dollars gos down 0.65% trading at two dollars and sixty two cents and arter down 0.46% trading at three point three cents and now checking out the bit next margins we can see the Bulls are back in control but barely leading by about twenty three million in superiority but it's growing pretty quick right with lungs leading 50.7% versus forty nine point three percent shorts are you currently bullish or bearish on Bitcoin let me know in the comments right down below and now check it out one of my favorite indicators it's the crypto greed and fear index were currently rated a 15 in extreme fear yesterday was a 13 last week of 15 and last month a 9 all of which is within extreme fear and if you're not familiar with the crypto greed and fear index extreme fear can be a sign that investors are too worried that can be a great buying opportunity wink wink and when investors are getting too greedy that means the market is due for correction and I want to encourage you to check out the description right below this video by clicking show more in the description below for a detailed analysis of what's going on in the market this goes for all the videos here on my channel I'm now approaching 400 videos crazy right time sure does fly please help support the show I do have a podcast blog over at crypto news yes calm it 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inside well that's gonna conclude today's show as always I appreciate you tuning in and journeying along with me inside this incredible crypto revolution if you gain value at a today's show be sure to smash that subscribe button and click that Bell icon to receive notifications of the latest premium crypto news and real quick before I go if interested in attending a free online event with the number-one most influential person in crypto currency of Bitcoin legend Charlie Shrem to discover how traders are making 100 to 500 percent gains without making a single trade on their own
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