Plan B: Bitcoin UP 5,800% Next Bull Run
The latest prediction out of Plan B is that, once Bitcoin bottoms, it will have a 5,800% run in the next bull market.
In this video I discuss the outlook for the largest cryptocurrency and how this aligns with other macro forecasts.
Here is the articles discussed in the video:
https://crypto.news/5800-btc-rally-is-coming-bitcoin-s2f-model-creator-planb-says/
▶️ 3Speak
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My gold is to pick a bull entry and maintain the position throughout next year. Swing trade
not 5900? ✌️😂
I also wonder how they managed to make out that 5800%. Probably a shot in the dark.
magic 8
Nope. That would be ridiculous. 5800 is much better.
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😂
For some reason, I don't think the model will hold up that much. The increases just seem too large and it definitely requires a lot of institutional money to even get that high of a price. After all, everything is true until it isn't and we just don't know when that is.
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https://twitter.com/742876529756110848/status/1601155044711301121
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I don't like PlanB, I told him that and some other things I disagreed with him. He even blocked me on Twitter. People like Plan B have fueled my expectations of an over $100k BTC in 2021 and that played awful for dealing with the bull market(I missed on a lot of profits=. And you know what? I'm predicting Bitcoin to peak somewhere between $100,000 and $1 million, too :)). So accurate... I guess he's learned his lesson from the past cycle when his model clearly failed with such vague predictions. I'm embracing uncertainty. Will just let things unfold and see where we are near the halving. From there on we have something like a year to dump... It's always been the case since Bitcoin's inception.
Summary:
In this video transcript, Task discusses an article about Plan B and the stock-to-flow model in relation to Bitcoin's future price. He delves into the possibility of a bullish run for Bitcoin and the crypto market, highlighting the importance of Bitcoin's movement for the rest of the market's performance. Task also emphasizes the significance of strategic market moves, the potential impact of Federal Reserve decisions on market sentiment, and the necessity of understanding crypto market dynamics. Task concludes by touching on Hive's development progress, its potential for growth in a bullish market, and the essential role of Hive's digital real estate in engaging with the platform.
Detailed Article:
Task delves into an article discussing Plan B's forecast about a potential 5800% Bitcoin rally. While he acknowledges some skepticism around Plan B's predictions, Task views it as an academic exercise rather than a basis for his investment decisions. He notes a loose correlation and track record that makes Plan B's predictions worth considering, especially during a time of bearish sentiment in the crypto industry.
The video touches upon Bitcoin's projected bottoming in the coming months, leading to a bullish run with price estimates ranging from $100,000 to $1 million. Task points out the uncertainty regarding timing, particularly in relation to the Bitcoin halving, indicating a potential shift towards bullish sentiment in the second half of the year or the third quarter.
Moreover, Task discusses the Federal Reserve's role in influencing market sentiment through rate hikes, highlighting the impact on both traditional markets and cryptocurrencies. He emphasizes the need for individuals to understand market dynamics to navigate potential market fluctuations effectively, especially in the volatile crypto market.
Transitioning to Hive's development progress, Task expresses optimism about the platform's future during a bullish market phase. He highlights the importance of ongoing Hive developments, potential applications, and positioning Hive favorably in anticipation of increased market interest. Task underlines the significance of Hive's digital real estate, stressing the platform's integral role in engaging with Hive and its ecosystem.
In conclusion, Task emphasizes the potential for a bullish market in 2023, underlining the importance of strategic market moves and the long-term viability of projects like Hive in a thriving market environment. He emphasizes the significance of attracting user traffic, particularly during market downturns, and highlights the need for substantial market shifts like a significant Bitcoin price increase to invigorate the industry. Through referencing Plan B and the stock-to-flow model, Task provokes interest in potential market developments, urging viewers to stay informed and engaged with the evolving crypto landscape.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.