Renowned analyst Matthew Hyland said that Bitcoin (BTC) will regret one of the most popular price patterns in this cycle, with $ 1 million in the spotlight in 2025.
In a series of tweets on November 9, Hyland, who has gained a steady following over the years for his Bitcoin comment, predicted that only one of the two Bitcoin Stock-to-Flow models will survive 2022.
Goodbye, $ 288,000 in capital for the goal flow?
With $ 100,000 still a high and affordable year-end price for 2021, attention is shifting to what may come next.
For Highland, new large investors will play a key role in how BTC’s price action develops during the current halving cycle, which expires in 2024.
He believes that the massive advertising campaign of these major players will appeal to retail investors – and will start as soon as $ 100,000 is raised, confirming the Stock-to-Flow (S2F) model built by quantitative analyst PlanB.
“I think S2X will be the catalyst for the later stages of the fun race, because when PlanB is right on the $ 100,000 S2F model, many people think S2X ($ 288,000) will be right too,” he explained.
Then the cross-asset model (S2FX), which calls for an average price of $ 288,000 in this cycle, will be a beacon of hope for traders, but BTC / USD will ultimately fail to achieve it.
“I think this will be a news sale; however, the major players will show it publicly in order to provide sufficient liquidity so that the major players can sell them at the desired price.
“The target price will be $ 288,000, up from $ 250,000.”
Once S2FX is “withdrawn”, the promotion will not stop; But in 2025 – a year after the start of the next halving cycle that supposedly saw a new parabola – there will be one million dollars per bitcoin story that will repeat itself in 2022.
“The S2X model ($ 288K) will be invalid, but the S2F model ($ 100,000) will remain intact, according to which Bitcoin will reach $ 1 million by 2025,” Hyland wrote.
“This will also be used by the major players in the years to come!”
Bitcoin stock-to-flow ratio (S2F) graph. Source: Buybitcoinworldwide.com
$ 1 million BTC by 2031? “Of course,” says Bobby Lee.
Finally, Hyland repeated the price prediction for January 2022 that is impossible to imagine at today’s level: Bitcoin is worth a quarter of a million dollars.
Related: Bitcoin must fall even more before BTC attacks $ 70k, says trader
Others are already moving beyond the current cycle.
Bobby Lee, the former CEO of the BTCC and now the creator of the Bitcoin Ballet wallet, suggested that a $ 1 million Bitcoin price would be guaranteed by 2030.
“In 10 years and by the end of 2031, Bitcoin will receive three more block rewards. This will bring the block reward down to 0.78 BTC per issue, bringing the total number of new daily issues to just 112.5 BTC. It will be very small. Wait. and wait! ”Posted on November 10th.
“Bitcoin will definitely be worth a million dollars then!”
As the Cointelegraph reports, it may not be practical at all to measure the value of bitcoins in fiat currency at all.