Bitcoin (BTC) will invalidate one of its most famous pricing models this cycle, with $ 1 million in focus for 2025, says well-known analyst Matthew Hyland.
In a series of tweets on Nov. 9, Hyland, who has built a loyal following over the years for his Bitcoin comment, predicted that only one of the two stock-to-flow models would survive beyond 2022.
Bye, $ 288,000 stock-to-flow goal?
With $ 100,000 still a high but plausible year-end price for 2021, attention is focused on what could be beyond that.
For Hyland, new high volume investors will play a key role in how BTC price action plays out during the current halving cycle, which is slated to end in 2024.
A mass publication campaign by these big players, he says, will attract retail investors – and it will begin once it hits $ 100,000 and validates quantitative analyst PlanB’s stock-to-flow (S2F) model.
“I believe that the S2X model will be the catalyst for the later stages of the euphoric run, because when PlanB is in relation to the S2F model (100th he stated.
After that, the stock-to-flow cross-asset model (S2FX), which calls for an average price of $ 288,000 this cycle, will be a beacon of hope for Hodler – but BTC / USD will ultimately fail.
“I believe this will be a ‘sell the news’ event, but it is being pushed to the public by the bigger players to provide enough liquidity for the big players to sell at the higher prices they want,” continued he goes away.
“The target price will be 288,000 US dollars; it will be below it at 250,000 US dollars.”
However, if S2FX is effectively “devalued” the campaign will not stop; for 2025, the year after the start of the next halving cycle allegedly due to a new parabolic run, it will be the $ 1 million per bitcoin narrative that will replicate in 2022.
“The S2X model ($ 288,000) will be invalidated, but the S2F ($ 100,000) model will remain intact, which predicts Bitcoin will reach $ 1 million by 2025,” wrote Hyland.
“This will also be used by the big players in the next few years!”
1 million BTC by 2031? “Sure,” says Bobby Lee
Hyland ended up repeating a January 2022 price prediction that at current levels seems impossible to understand: Bitcoin hits a quarter of a million dollars.
Related: Bitcoin must keep falling before BTC attacks $ 70,000, the trader says
Others are already looking beyond the current cycle.
Bobby Lee, former CEO of the BTCC exchange and now creator of the Bitcoin wallet service Ballet, hinted that Bitcoin price of $ 1 million is all but guaranteed through the 2030s.
“In 10 years, by the end of 2031, Bitcoin will go through another 3-block reward halving. This reduces the block reward to only 0.78 BTC each, which corresponds to a daily re-issue of only 112.5 BTC in total. It’s going to be very close. Hold on and HODL! ”He wrote on Wednesday.
“Until then, sure, million dollar Bitcoin!”
As Cointelegraph reported, at this point it can even be impractical to even measure the value of Bitcoin in fiat currency.