Bitcoin is targeting $288K stock-to-flow price ‘like clockwork’ — PlanB

Bitcoin is targeting $288K stock-to-flow price ‘like clockwork’ — PlanB

Gate Trade News Wednesday, September 2, 2020 66 1

Another monthly close is exactly in line with stock-to-flow predictions, as Europe sees a return to negative inflation and the dollar wanes.

 

Bitcoin (BTC) is heading to $288,000 and higher “like clockwork” as fiat currency woes mount and European inflation goes negative.

 

In a tweet on Sept. 1, PlanB, creator of the stock-to-flow (S2F) family of Bitcoin price models, said that BTC/USD had performed exactly as expected in August.

 

Listing the monthly closing price since May’s block subsidy halving, PlanB noted that each corresponded to the predictions of his S2F cross-asset model.