A Stock to Flow Model Creator PlanB 135 2021 dolláros legrosszabb Bitcoin árat tervez a XNUMX-es PlatoBlockchain Data Intelligence-ben. Függőleges keresés. Ai.

A részvényáramlás modell-készítő PlanB 135 ezer dolláros legrosszabb árat tervez a Bitcoin számára 2021-ben

Időbélyeg: 21. június 2021. 5:16

While the PlanB projection is based on a worst-case scenario, the analyst says on a best-case basis, Bitcoin may climb to a new ATH of $450,000.

Iconic crypto market analyst and the creator of the Stock-to-Flow analytics model PlanB has given the worst-case projection for Bitcoin (BTC) based on the elements of his tool. Taking to Twitter, PlanB neves that the current price plunge in the market was stirred by Elon Musk'S energia FUD (Fear, Uncertainty, and Doubt), as well as the massive clampdown on the mining activities in China.

The global cryptocurrency industry has received an awakening when compared to the year-ago period. More than ever, we have seen the inflow of institutional funds into the crypto market space, bolstered by a massive engagement of retail traders. While the space has showcased a potential for massive growth, the market in recent times has been held bound by the energy usage concerns of Bitcoin and other Proof-of-Work (PoW) models.

These FUD being spread by the duo of Tesla boss and Chinese authorities have caused a cataclysmic plunge in the price of Bitcoin, with the premier cryptocurrency dropping by a massive 49.34% from its all-time high (ATH) price of $64,863.10 set on April 14. With three months of bearish dives underway, PlanB believes there is a likelihood the poor price performance continues into July, beyond which we may begin to see a resuscitation.

According to PlanB, Bitcoin is likely to retest a price of $47,000 by August. Following this upshoot, we may experience a retracement in September as the Stock-to-Flow model projects a drop to $43,000. In the forecast shared, the way from here is upward with an anticipated retest of $63,000 by October. The projections for the last two months of the year, November and December were also bullish per the worst-case scenario, with Bitcoin billed to soar $98,000 and $135,000 respectively.

The role being assumed by PlanB with respect to his bullish Bitcoin price forecasts is one of succor and the current market sentiment is extremely poor.

PlanB Bitcoin Price Forecast May Be Aided by a Rapid Switch to Clean Energy

The ultimate reason why the global crypto market is experiencing a downturn is because of the energy-intensive mining operations. The influence of Bitcoin in the broader industry has further affected other highly energy-efficient assets. The projections from PlanB may be fast-tracked and made more feasible should miners begin the switch to alternative mining operations with clean energy in view.

While electric automaker, Tesla Inc. (NASDAQ: TSLA) has hinted at its willingness, through its CEO, to fogadás folytatása Bitcoin for payments once crypto mining has achieved at least a 50% adoption of clean energy, other mainstream institutions may follow suit. Bitcoin’s energy footprint is doing more harm than good, and the embrace of initiatives that maximizes renewable energy can lead to a skyrocketing in the price of the asset, and the entire digital currency ecosystem.

While the PlanB projection is based on a worst-case scenario, the analyst says on a best-case basis, Bitcoin may mászik to a new ATH of $450,000.

Bitcoin Hírek, Blockchain News, Cryptocurrency hírek, Hírek

Benjamin Godfrey

Benjamin Godfrey egy blockchain rajongó és újságíró, akik örömmel írnak a blockchain technológia és az innovációk valós életbeli alkalmazásairól, hogy elősegítsék a megjelenő technológia általános elfogadását és világméretű integrációját. Az a vágy, hogy oktatja az embereket a kriptovalutákról, inspirálja hozzájárulását a neves blockchain alapú médiumokhoz és webhelyekhez. Benjamin Godfrey a sport és a mezőgazdaság szerelmese.

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