Bitcoin (BTCWell-known analyst Matthew Hyland said:
In a series of tweets on November 9, Hyland who has created A loyal follower of his Bitcoin commentary over the years has predicted that only one of the two Bitcoin Stock-to-Flow models will survive beyond 2022.
Goodbye, $288,000 of equity to target flow?
With $100,000 still being a high and reasonable price at the end of the year for 2021, attention is turning to what could be further afield.
For Hyland, new high-volume investors will play a major role in how BTC price action will develop during the current halving cycle, which is set to end in 2024.
He believes a mass publicity campaign from these big players will appeal to retail investors — and will start as soon as $100,000 hits, validating the Stock-to-Flow (S2F) model built by PlanB quantitative analyst.
“I believe that the S2X model will be the catalyst for the later stages of the joyous run because when PlanB is proven correct on the S2F model ($100,000), many believe that the S2X model ($288,000) will also prove correct,” he explained.
Then the stock-to-flow (S2FX) cross-asset model, which calls the average price of $288,000 in this cycle, will be a beacon of hope for traders – but BTC/USD will eventually fail to get there.
“I believe this will be a ‘news sale’ event; however, it will be pushed out by the big players to the public to provide enough liquidity for the big players to sell at the high prices they want.
“$288K will be the target price, down at $250,000.”
With S2FX effectively “revoked”, the campaign will not stop; However, for 2025 – the year following the start of the next halving cycle that allegedly saw a new parabola – it will be the million dollar per bitcoin narrative that repeats 2022.
Hyland writes: “The S2X ($288,000) model will be invalidated but the S2F ($100,000) model will remain intact which predicts bitcoin will reach $1 million by 2025.”
“This will also be used by the big players in the coming years!”
$1 Million BTC by 2031? “Sure,” says Bobby Lee.
Hyland concluded by repeating a price prediction for January 2022, which seems impossible to fathom at current levels: Bitcoin hits a quarter of a million dollars.
Others are already looking beyond the current cycle as well.
Bobby Lee, the former CEO of the BTCC exchange and now the creator of the Bitcoin Ballet wallet service, has hinted that a $1 million Bitcoin price will be guaranteed by 2030.
“In 10 years, and by the end of 2031, Bitcoin will be subject to three more block rewards. This will bring the block reward down to just 0.78 BTC per issue, bringing the total new daily issuance to just 112.5 BTC. It will be very scarce. Wait and HODL!” he is books On November 10.