Unchained

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

10.22.2021 - By Laura ShinPlay

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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 

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 

Nodle: https://bit.ly/3AXGydJ 

 

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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