Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Says Bitcoin Will Hit All-Time High Before Next Halving, on Long Term Path to $100,000

by Daily Hodl Staff
September 12, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

A well-known technical and fundamental crypto analyst on TradingView says he believes Bitcoin will hit new all-time highs before its next halving in May of 2020.

The analyst, known in the industry as FilbFilb, cites Bitcoin’s stock-to-flow ratio as a key indicator for mapping out BTC’s path ahead.

“Assuming that there is no systemic shock either via heavy regulatory enforcement or a global recession, I am of the view that we will see a continuation of what has been observed to date; Bitcoin will move through its next cycle at an increased pace to what we have seen previously.

I am expecting Bitcoin to break all-time highs for the first time in advance of the Halving. The Stock to flow model which I discussed last week, which I have illustrated on the chart and I recommend that you review (see @100trillionUSD on twitter) implies that Bitcoin will be worth around $100k from May 2020. It has been the best valuation model for Bitcoin to date.

ADVERTISEMENT

With that in mind it seems reasonable that we will see continued accumulation which will ultimately lead to a supply shortage and a significant jump in the Bitcoin Price.”

Bitcoin’s stock-to-flow ratio has exploded in popularity this year and made it all the way to CNBC, where it was mentioned by anchor Joe Kernen.

The ratio is typically used to forecast the price of gold by taking its current supply and dividing it by the amount produced per year.

Stock to flow and #bitcoin price are cointegrated

Cointegration is completely different from correlation

Great video explaining cointegration & correlation:https://t.co/GSvyyUD71Q pic.twitter.com/tRcfetiwA9

— PlanB (@100trillionUSD) September 8, 2019

FilbFilb says the Bitcoin bull cycle he believes is on the horizon will give the leading cryptocurrency far more notoriety and maturity as an asset. He also believes it will be Bitcoin’s last parabolic bull run.

“I’m fairly stubborn in my view that this is likely to be the last big Bitcoin Bubble and the reason is that if Bitcoin can realize a trillion USD market cap and maintain it without dramatic regulation, it will have arrived on the world stage as a legitimate store of value.

ADVERTISEMENT

The value proposition will largely be understood if this is to occur and price should become more effective. Price discovery will no longer be leading dramatic boom-busts; 85% selloffs and 10x annual gains. These are most likely to be a thing of the past, with this asset tapering off into a steady annual return proposition beyond this cycle, which is exactly what should happen if the market really is becoming efficient in its pricing mechanism.

While this all sounds great, it is largely educated guess work and should be treated as such. Should there be a big USA or EU bans Bitcoin event or similar, there is no doubt in my mind that the impact on price would be devastating. Similarly, if there were to be a coding issue, we would also see a significant sell off, possibly irrecoverably so.”

You can check out the full analysis here.

ADVERTISEMENT
Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$48,378.00
$48,378.00
8.14%
Ethereum
$1,539.15
$1,539.15
12.73%
Binance Coin
$255.88
$255.88
21.39%
Polkadot
$35.42
$35.42
14.23%
Cardano
$1.28
$1.28
2.58%
XRP
$0.436000
$0.436000
4.81%
ADVERTISEMENT

Spotlight

  • Lark Davis Urges Launch of Ethereum 2.0 Amid ‘Crazy’ Fees, Exodus to Binance Smart Chain
    February 22, 2021
  • Coinbase Reveals It Has Executed $1,000,000,000 Crypto Buys for Some of the Largest Institutions in the World
    February 26, 2021
  • Top Crypto Analyst Says One Altcoin Will Recover Stronger and Faster Than the Rest
    February 24, 2021
  • Crypto Trader Lark Davis Lists Top Six Altcoins To Buy in March
    February 28, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.