Popular quant analyst PlanB says Bitcoin (BTC) is now set up to have a series of big rallies based on historic precedence. In a video update, the pseudonymous analyst tells his 182,000 YouTube subscribers that his stock-to-flow (S2F) model indicates Bitcoin could exceed $250,000 in the coming years. His stock-to-flow (S2F) model, which was traditionally used for traditional commodities before he adapted it to Bitcoin, predicts the performance of an asset based on the idea that the price increases as the asset becomes more scarce. Historically, PlanB’s S2F model has signaled the beginning of strong bull runs immediately after the halving, when miners’ rewards are cut in half, with the printing of a red dot. “Bitcoin closed October at $70,000 and right now, a couple of days after the election, is already at $76,000, a new all-time high. So basically we broke the month-long trading range where Bitcoin moved between $60,000 and $70,000… If history is any guide, if the stock-to-flow model is any guide, then we’ll see sharp price increases from here. The red dots will continue… In short, the stock-to-flow model and I think that Bitcoin’s average price in those four years, in the next four years, will be within […]