Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K by Christmas 2021. Furthermore, a price model crafted by Will Clemente called âIlliquid Supply Floorâ indicates that bitcoin prices may never drop below $39K again.
Plan Bâs Bitcoin Price Survey Sees 100K VotesPlan B is a pseudo-anonymous Twitter account (@100trillionusd) and the creator of the bitcoin price model called stock-to-flow (S2F). Plan B has stated in previous tweets that September bitcoin (BTC) prices may be lackluster, and this week he said âletâs skip September and go straight to October.â He said this because in a tweet he wrote on June 20, Plan B expects bitcoin prices to follow this path: âAug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K.â So far, Plan Bâs August bitcoin price prediction and even so far in September, has been on point. On September 11, 2021, Plan B decided to do a Twitter survey as he has done on various occasions in the past. Plan B has 799.1K Twitter followers so his survey gets around on the social media platform. The survey he shared last Saturday asked the following question on Twitter:
Do you think bitcoin will reach $500K, $288K (S2FX model), $100K (S2F model), or will BTC stay below $100K⌠by Christmas 2021?
123,410 votes were cast in Plan Bâs survey on Twitter and 45.7% believe it will reach $100K. Approximately 32.7% of those who voted think BTC will stay below $100K by Christmas 2021. 15.3% of the crowd suggest that they think $288K is possible and 6.3% believe that $500K per bitcoin could happen by the yearâs end.
Will Clementeâs Model Suggest Bitcoinâs Price Floor Is $39KIn addition to Plan Bâs recent survey, the lead insights analyst at Blockware Solutions, Will Clemente, tweeted about a price model called the âIlliquid Supply Floor.â âIntroducing: Illiquid Supply Floor,â Clemente tweeted on September 15. âThis combines Glassnodeâs illiquid supply data with Plan Bâs traditional S2F model, creating a price floor based on Bitcoinâs real-time scarcity. Currently $39K,â Clemente added. He also thanked Matt Faltyn for helping him bring the model âto life.â Chart shared on Twitter by the lead insights analyst at Blockware Solutions, Will Clemente. Crypto entrepreneur Anthony âPompâ Pompliano congratulated Clemente on his chart and said: âThis is a banger. Nice work.â Meanwhile, others were not so nice and called the model âhopiumâ in response to Clementeâs chart. âCombining old garbage with new garbage. Still garbage at the end of the day,â a critic tweeted. âAlso, if bitcoin is so âscarceâ and due for a âsupply shockâ then why has it not put in a new ATH in nearly 6 months? If itâs so rare, why has it been ranging between $30-50k for this long?â What do you think about Plan Bâs survey with 123K votes and the recent âIlliquid Supply Floorâ model tweeted by Will Clemente? Let us know what you think about this subject in the comments section below.