Analyst predicts bitcoin to rise in price to $100 thousand this year

Author of Stock-to-Flow (S2F) model says next months will be key for major cryptocurrency
Analyst predicts bitcoin to rise in price to $100 thousand this year

PlanB analyst, author of Stock-to-Flow (S2F) model predicted that the price of bitcoin will reach $100 thousand by the end of this year. According to the analyst, the following months will be key for the rate of the main cryptocurrency. On August 31, the digital coin is trading at $47.5 thousand.

The Stock-to-Flow (S2F) model predicts the value of bitcoin by calculating the ratio of the total available supply of the asset and its annual growth.

The value of bitcoin in August for the first time since mid-May exceeded $50 thousand. During the month the main cryptocurrency rose in price by 34%. Capitalization of bitcoin exceeded $894.7 billion.

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The post was written by Crypto Expert John Belford

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