{"id":429560,"date":"2020-07-04T18:00:21","date_gmt":"2020-07-04T18:00:21","guid":{"rendered":"https:\/\/ktsl888.com\/?p=429560"},"modified":"2024-06-11T14:04:45","modified_gmt":"2024-06-11T14:04:45","slug":"crypto-twitter-bitcoin-hit-50k-2021","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-twitter-bitcoin-hit-50k-2021\/","title":{"rendered":"Nearly Half of Crypto Twitter Doesn’t Think Bitcoin Will Hit $50k in 2021"},"content":{"rendered":"

There’s been much debate over recent weeks over the work of Bitcoin analyst “PlanB” and his Stock to Flow (S2F) model.<\/a> Some have argued that his work is valid while others aren’t so sure.<\/p>\n

On July 3rd, the analyst put the community to a vote, asking whether or not they believe in the model. The results were almost split down the middle.<\/p>\n

Related Reading: Bitcoin Community Celebrates as Crucial Lightning Network Project Launches<\/a><\/h6>\n

Almost Half of Respondents Don’t Believe in S2F Bitcoin Price Model<\/strong><\/h2>\n

On July 3rd, the pseudonymous quantitative analyst posted a poll<\/a> to his Twitter page, followed by over 115,000 individuals.<\/p>\n

The question: Do you think Bitcoin will reach $288,000 before Dec. 2021, $100,000 before December 2021, $55,000 before December 2021, or will BTC stay below $55,000?<\/p>\n

The prices mentioned were derived from the iterations of the S2F model. The iterations of the model will become invalidated if BTC does not reach the prices mentioned by December 2021.<\/p>\n

Over 42.5% of respondents to PlanB’s impromptu poll said they don’t think Bitcoin will pass $55,000 before that time. Though the rest of the respondents, 57.5%, said that a move past $55,000 is possible within the next 18 months.<\/p>\n

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Do you think #bitcoin<\/a> will reach $288K (S2FX), $100K (S2Fv2), $55K (S2Fv1) before December 2021, or will BTC stay below $55K?<\/p>\n

— PlanB (@100trillionUSD) July 3, 2020<\/a><\/p><\/blockquote>\n