Plan b the creator of stock to flow model projected on November 8 2020 that btc was on it way to surpass 100k dollars before December 2021.
Btc is currently on steroids now ,it won't stop moving , he even projected that it might hit 288k dollars
As at July 2020 btc was hanging around 3k and some projected it will move after the halving but no one knew when . It won't stop moving obviously.
Someone on Qoura suggested that there are two factors we need to considered when talking about how far btc will move .
- Will bitcoin get out of the current early adopter phase, and into the early majority phase?
- How fast will the USD continue to be printed, and will it result in a currency reset?
For number one it's very likely because The maths required to work out the future price is quite complicated, so I won’t go into details, suffice it to say there is a leverage effect if supply halves or demand increases. That means that a halving of supply or a doubling of demand will do much more than doubling the price. 10X is entirely possible, but it all depends on how many people actually try to sell into the price rise. Let’s not forget that large numbers of bitcoin are held in dormant accounts, i.e. with no transactions for several years, meaning the owners are not traders, and may never sell.
Then for the number 2
They are printing very fast and the level of government debt has passed the point of no return.
There will be a currency reset, meaning the price of bitcoin in the old dollars of today, is going to infinity..