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According to analysts, Bitcoin will reach $ 520,000 in 8 years

June 10, 2020

Although Bitcoin has been trading sideways since the halving, in a price range of $ 9,000 to $ 10,000, Industry experts remain optimistic about the BTC rating in the long term.

In this sense, a recent revision of the stock-to-flow model (S2F) suggests this The main cryptocurrency on the market will exceed $ 520,000.

However, QuantMario, the analyst responsible for the new price target, indicated that the value will not be reached in the short term.

HODL

According to analysts, Bitcoin will reach $ 520,000 in 8 yearsAccording to analysts, Bitcoin will reach $ 520,000 in 8 years

For him, Bitcoin holders have to hold onto their cryptocurrencies and wait for the exponential rating that the future will bring.

According to QuantMario, after the fifth halving, which will take place in four years, Bitcoin will rise to $ 520,000.

“After the fifth halving in eight years, the S2F model predicts that Bitcoin’s market capitalization will be higher than the value of all real estate in the world: stocks, real estate, trust money, gold, etc. Sounds impossible?”

Anyone who agrees with the analyst is also an expert Crypt∞li, the director of the crypto exchange SAFEX.

Are the $ 100,000 scarce?

For him, a new check on S2F shows that BTC, There will be a slow and steady march to $ 520,000 over the next two decades.

“The production of the S2F model basically requires a 10-fold price increase from one cycle to the next. Assuming a constant profitability of the miners (price balance and takeover by the miners), the mining effort should be quintupled every four years. The combination of a tenfold increase of the price and a halving leads to a fivefold increase in the Fiat cash premiums every four years. “

In contrast, the PlanB model predicts that Bitcoin will reach $ 1 million in 2028.

According to QuantMario, there will be a much larger rally in the coming years if the current Bitcoin price movement continues.

“In the past three halving cycles, there has been a price bubble that has briefly exceeded the error ranges of the LGS-S2F model. If this happens again, we can expect a price increase of $ 100,000 during the next cycle.”