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The first cryptocurrency analyst to apply the stock-to-flow model to Bitcoin is predicting that the leading crypto asset could meteorically rise in the following months as BTC continues to hold its ground in the midst of bearish news.
“Net result (after Turkey ban, US tax FUD, Faketoshi lawsuits, Elon/Tesla energy FUD) is that Bitcoin is 5x higher than ~6 months ago. And both stock-to-flow model + on-chain data indicate that we are only halfway through this bull market. I would not be surprised to see another 5x next ~6 months.”
In other trending BTC News today: Bitcoin still on track to $100K despite growing risks, says strategic investor Lyn Alden! Lyn is convinced Bitcoin has still the potential to reach 6-figures in the current bull cycle – despite growing uncertainty and increasing volatility.
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Show Notes / News Resources:
✔ Coinbase Earnings Report + To List Dogecoin
✔ BlackRock CIO On Bitcoin: https://bit.ly/3uVS5Hh
✔ Lyn Alden $100K Bitcoin Prediction: https://bit.ly/3yhJy3m
✔ PlanB $250K BTC Prediction: https://bit.ly/3tVWcBH
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