22 min listen
971: BITCOIN COULD REACH $72,000 THIS WEEK ACCORDING TO S2F MODEL, BUT SOMETHING WENT WRONG!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
971: BITCOIN COULD REACH $72,000 THIS WEEK ACCORDING TO S2F MODEL, BUT SOMETHING WENT WRONG!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
28 minutes
Released:
Jun 28, 2022
Format:
Podcast episode
Description
The notorious stock-to-flow model that was perfectly predicting the direction of Bitcoin's movement until the massive correction we saw in May and June suggests that the king crypto (BTC) will reach $72,000 this week, but it is unlikely to happen.
Previously, a Fidelity analyst explained why S2F is no longer accurate and will not be in the future. S2F's main source of prediction is the scarcity of the asset, which cannot drive the Bitcoin price alone, especially in modern markets.
With Bitcoin, we should add adoption to scarcity to see better results. Unfortunately, it is almost impossible to accurately calculate the technology's adoption rate in the future even if we compare it to similar technologies like mobile devices or the internet.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Previously, a Fidelity analyst explained why S2F is no longer accurate and will not be in the future. S2F's main source of prediction is the scarcity of the asset, which cannot drive the Bitcoin price alone, especially in modern markets.
With Bitcoin, we should add adoption to scarcity to see better results. Unfortunately, it is almost impossible to accurately calculate the technology's adoption rate in the future even if we compare it to similar technologies like mobile devices or the internet.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jun 28, 2022
Format:
Podcast episode
Titles in the series (100)
599: BITCOIN HITS STOCK-TO-FLOW REBOUND LEVEL NOT SEEN SINCE 2017 ATH!! CRYPTO TO TRANSFORM 4 INDUSTRIES!: Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Both 2013 and 2017 ultimately saw a two-tier run to an all-time high. The first peak was followed by a significant drawdown in each instance,... by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News