Bitcoin PriceMarketsstock to flowwave financial

How Bitcoin Could Hit $400,000 By 2025

A recent report from Wave Financial explains how seemingly outlandish bitcoin price predictions may not be so far fetched after all.Source: Wave FinancialHow does $400,000 per bitcoin sound? Most likely outlandish, especially if it is expected within the next five years. But that is exactly the price the analysts at Los Angeles-based investment management company Wave Financial believes bitcoin could reach, using the investment analysis model stock-to-flow ratio, by as early as 2025.One of the most interesting parts of our report, released in late February 2021, is the illustration of how the stock-to-flow ratio was used to accurately predict the movement of the bitcoin price from $4,000 in March 2019 to about $50,000 in February 2021. Stock-to-flow ratio is primarily a gold valuation model. The fact that it works better on bitcoin than most of the other models gives credence to the belief of many that bitcoin is digital gold.SourceWe say in the report, titled “Understanding Bitcoin’s Impact On Portfolio Performance,” that “a $55,000 prediction seemed relatively outlandish in March 2019. But today $55,000 seems like a reasonable target for 2021. The target price of $400,000, once again, seems outlandish today.” As we now stand in March 2021, a month on from the report being published, some of our price targets are now out of date, with bitcoin surpassing the $60,000 level.In mid-February, bitcoin achieved a new all-time high price of $50,000 and, for the first time, a market cap of over $1 trillion. This is a market rally that was predictable by considering the mining subsidy halving that happened in 2020 and …
Story continues on Bitcoin Magazine

Related posts
AdoptionBitcoin PriceCointelegraph.comCryptocurrenciesETF

Asset management giant Fidelity files for Bitcoin ETF

Fidelity submitted paperwork for the Wise Origin Bitcoin Trust on Wednesday. If approved, the Trust would be the first Bitcoin ETF to launch in the United States. Fidelity Investments, the $4.9 trillion asset manager, has filed paperwork with the United…
Binance CoinBitcoinCardanoChainlinkCointelegraph.comEthereumLitecoinMarketsPolkadotPrice analysisRippleTHETAUniswap

Price analysis 3/24: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK

Bitcoin price is still meeting strong sell pressure near a key trendline, indicating the possibility of further downside for BTC and altcoins in the coming days. On March 24, Tesla CEO Elon Musk announced that U.S. buyers are now able…
AnalysisCointelegraph.comCryptoMarketsnewsquakequantTradingvortecs

Markets Pro delivers up to 1,497% ROI as quant-style crypto analysis arrives for every investor

41 of the 42 trading strategies tested by Markets Pro are currently beating Bitcoin’s investment returns, and 36 of them are winning against an evenly-weighted basket of the top 100 altcoins. In the month since Cointelegraph Markets Pro launched, bringing…