Author of Stock-to-Flow (S2F) model says next months will be key for major cryptocurrency
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.
Latest news:
Blockchain.com names date for possible IPO
Which cryptocurrency may soon rise in price. Analyst names seven tokens
Weekly bitcoin transactions hit a new high of over $8 billion
