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Jun 1, 2020

Bitcoin Could Be About To Surge To $100,000 After Stock-To-Flow Update Revealed

Posted by in category: bitcoin

Bitcoin has been struggling to break over the $10,000 per bitcoin level since its highly-anticipated supply squeeze —but that could be about to change.

The bitcoin price, up around 30% since the beginning of the year and on track to be one of the year’s best performing assets, has swung wildly over the last few months.

Now, one of the most closely-watched bitcoin analysts, an anonymous strategist who claims to be a member of an institutional investment team that manages around $100 billion in assets, has released an update to his so-called stock-to-flow model, suggesting the bitcoin price could be about to surge to around $100,000.

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