Can Bitcoin Still Hit $200,000 This Year?

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In this video, I discuss 2021 price targets for Bitcoin, paying particular attention to Plan's B's original stock-to-flow model, as well as his stock-to-flow cross asset model.

I conclude that in spite of the price damage done by China's crackdown on Bitcoin, it will still be quite easy for Bitcoin to hit at least $200,000 by year end.

Institutional interest in Bitcoin remains strong, and we should continue to see a wall of money moving into Bitcoin from both retail and institutional investors.

Not investment advice! Consult a financial advisor.

China's Bitcoin crackdown continues:
https://www.coindesk.com/bitcoin-trims-gains-as-pboc-steps-up-crypto-crackdown

Bitcoin network hash rate chart:
https://ycharts.com/indicators/bitcoin_network_hash_rate

Bitcoin mining stats:
https://miningpoolstats.stream/bitcoin

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

Bitcoin price action after halvings:
https://pbs.twimg.com/media/E5XkJAqWQAI_0g2?format=png&name=large

Plan B's original Bitcoin price model:
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

Stock-to-flow model chart:
https://www.lookintobitcoin.com/charts/stock-to-flow-model/

Bitcoin hitting lower bound of stock-to-flow model:
https://twitter.com/100trillionUSD/status/1407620265475989506

More stock to flow charts showing standard deviation lines:
https://s2f.hamal.nl/s2fcharts.html
https://s2f.hamal.nl/images/alltimeprice.png
https://s2f.hamal.nl/images/detailprice.png

Stock-to-flow cross asset model:
https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12

Institutions still moving into Bitcoin:
https://thecryptobasic.com/2021/07/06/allied-payment-network-partners-with-nydig-to-put-bitcoin-on-their-balance-sheet/
https://www.ft.com/content/30bc58f8-c8b7-4e9f-a01c-bb3732ea5152
https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html
https://news.bitcoin.com/standard-chartered-fidelity-tp-icap-cryptocurrency-trading-platform/

Plan B's on-chain model and August close above $47,000:
https://twitter.com/100trillionUSD/status/1410933951741501442

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https://www.trader.university/join
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#BitcoinPrice
#Cryptocurrency

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