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Bitcoin (BTC) Price is Most likely to Rise to $63K! Here’s How

Crptoz by Crptoz
June 3, 2022
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Timmer, Director of Global Macro Fidelity, shares his thoughts on the stock-to-flow model widely used by cryptocurrency investors and enthusiasts. The stock-to-flow metric is one of the most commonly used tools to determine the next high or low.

The close-up below shows that this more modest supply model is more accurate than the original S2F estimates for this halving cycle. /15 pic.twitter.com/65WgS4Hody

— Jurian Timmer (@TimmerFidelity) 2 June 2022

The problem associated with the S2F model is scarcity which alone cannot drive up the price. And the deficiency alone cannot be used to carry forward the value of an asset if it is not adopted, used, or has no other use.

Thus, Timer has created an S-curve model that mimics the mobile phone adoption curve. It also helps determine the future adoption rate of bitcoin and overall network growth. He further added that the model’s accurate predictions of bitcoin’s meteoric growth may be accurate due to the high rates of cryptocurrency adoption. He further doubts that the model will work from now on as digital gold has reached around 4600 billion.

The current supply limits on bitcoin have also been added to Timer’s chart, which helps determine the exact growth and adoption momentum of bitcoin. According to these three different models, bitcoin is most likely to rise to $63,000, even at $144,000 at its best.

In that case, the movement of bitcoin would be almost an exact copy of the mobile phone S-curve demand model. Bitcoin is currently trading at $30,345, having lost more than half of its value since hitting an all-time high in November.

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