The creator of the stock-to-flow model, PlanB, believes that Bitcoin price would hit $100,000 by December 2021. PlanB said that the price of the king coin would reach between $100,000 to $288,000 by the coming year.
Cointelegraph that BTC would have to jump over 545% from its current price to meet PlanB’s prediction. At $100,000 per BTC, Bitcoin market capitalization would compete with Apple’s at about $2 Trillion.
On the 8th of November, PlanB reiterated his belief in the S2F model in a . Stating that 2021 would be a spectacular year for BTC, he added:
model“S2FX model estimates a market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020-2024)…this translates into a BTC price (given 19M BTC in 2020-2024) of $288K.”
Since its last halving in May, BTC has surged about 78.1% from $8,700 to $15,000.