$7.8K Bitcoin on Track, Says Price Model as Difficulty Surges 6.8%

ByWilliam Suberg

Stock-to-flow is a measure of where Bitcoin should go based on its existing supply — the stock — versus the “new” Bitcoins that enter circulation, or the flow. The resulting ratio determines the expectations, which call for BTC/USD to hit $100,000 at some point in 2021.

Prior to May’s block reward halving, which should catalyze price growth, PlanB’s model calls for substantially lower average readings of below $10,000.

At present, the average of the 10-day and one-year stock-to-flow values is around $7,600 — less than $200 below the spot price at press time.

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