Despite the multiple market corrections that we’ve seen lately, there are all kinds of bullish predictions about the price of Bitcoin.
The most popular one comes from PlanB, which says that BTC is still on track for $100k by December.
When writing this article, BTC is undergoing a new correction, and the crypto is trading in the red. BTC is currently priced at $42,658.38.
Check out the tweet he shared about Bitcoin’s price:
So what will #bitcoin Dec closing price be? – S2F model says $100K – Time model (logarithmic regression) says $30K Next couple of months will be Interesting. My money is on S2F, of course. pic.twitter.com/ancKQ3FdEZ
— PlanB (@100trillionUSD) September 22, 2021
PlanB also said that his stock-to-flow model could become invalidated if BTC does not hit a closing price of $100k in December.
Yeah, same for s2f. But I like to point out the current delta between the models and I really look forward to next couple of months. Price must increase >100k (to make a 100k average) or s2f is dead.
— PlanB (@100trillionUSD) September 23, 2021
Bitcoin adoption boomThe mass adoption is going great despite the price volatility that we’ve been seeing lately.
Michael Saylor has been a vital Bitcoin supporter, and his company has been purchasing the digital asset like there’s no tomorrow.
Now, he shared the best news, and you can check out his tweet below.
First #Bitcoin, then #Lightning⚡️. It’s only a matter of time.https://t.co/4KJ9n0mTQT
— Michael Saylor⚡️ (@michael_saylor) September 22, 2021
It’s been just revealed that Robinhood is about to kick off a feature that gives traders more control over digital tokens in its latest expansion in the crypto space.
CNBC noted that the newly public brokerage is testing “crypto wallets” with select clients next month – this is what the company announced in a blog post on Wednesday.
“The wallet will allow investors to trade, send and receive digital currencies, as well as move them in and out of the Robinhood app.”
Stay tuned for more news.
The post Bitcoin Is On Track For $100k By December, PlanB Says first appeared on CryptoGazette - Cryptocurrency News.
