Unconfirmed: Bitcoin Projected to Reach $135,000 in December, According to PlanB - Ep.283

PlanB, a former institutional investor with 25 years of experience in financial markets turned anon Bitcoin analyst, discusses Bitcoin’s price action, from the macroeconomic drivers to what his models predict for the rest of 2021. Show highlights:
PlanB’s background and how he got into Bitcoin
what a stock-to-flow model is and how PlanB uses it to predict Bitcoin’s price
why PlanB called for a $1 trillion market cap when Bitcoin was priced at sub $4K
how the approval of a bitcoin futures ETF has affected Bitcoin’s price
why institutions are more comfortable with bitcoin futures, rather than the underlying asset
how to properly calculate gold’s stock-to-flow model
why he believes the stock-to-flow models works -- even when detractors say it is flawed
how the pandemic has affected Bitcoin’s price
what PlanB thinks about China’s decision to effectively ban Bitcoin
the three charts PlanB uses to model Bitcoin
what the price floor for Bitcoin will be in October, November, and December
whether PlanB thinks we are in a supercycle
Thank you to our sponsors!
Avado: ava.do 
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Episode Links
 
PlanB:
Twitter: https://twitter.com/100trillionUSD

Website: https://100trillionusd.github.io/

 
Topics Covered
Stock-to-flow modeling

https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12 

Bitcoin RSI
https://twitter.com/100trillionUSD/status/1451128329176768514

Worst-case scenario BTC prices
https://twitter.com/100trillionUSD/status/1406577006230245376

Bitcoin futures ETF approved
https://www.coindesk.com/policy/2021/10/15/sec-approves-bitcoin-etf-opening-crypto-to-wider-investor-base/

China’s decision to boot out crypto miners

https://www.coindesk.com/business/2021/10/13/us-claims-bitcoin-mining-crown-following-china-crackdown/ 
https://www.theblockcrypto.com/post/109315/bitcoin-hashrate-declines-50-percent-china-mining-crackdown

Why stock-to-flow is not accurate
https://francistapon.com/Work/WanderLearn-Podcast/8-Flaws-in-Bitcoin-s-Stock-to-Flow-Model-Will-Doom-It

Bitcoin supercycle

https://www.coindesk.com/markets/2021/06/17/the-supercycle-how-crypto-could-shape-the-decade-ahead/ 

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