A lot of talk about him, much is speculated and analyzed, but no one understands him so completely: the Bitcoin exchange rate. Too bad, because like other markets, could thus earn a lot of money. So it is no wonder that there is a whole series of models and predictions, the representations of these earlier attempts. By far the best known and most thorough model is the Stock-to-Flow model (S2F) of PlanB. This predicts for December 2021, with a BTC price of $ 100,000.According to the financial analysts and podcasters Preston Pysh is selected, this forecast is still very conservative. He sees the Bitcoin price after the Halving, this may be rather in the direction of the 300,000 USD brand Hiking. As he sees the macro-economic development of the past few months. The Bitcoin Halving seems to have already, as expected, to have first an impact on the selling pressure by miners.
Bitcoin price on the rise – financial analyst bullisher than ever
In a Post on Twitter, the financial analyst and the author of the very successful podcast “The Investor’s Podcast,” Preston Pysh said, that he now looks even bullisher on the future of the Bitcoin exchange rate, as, for example, in 2017. This is according to the testimony of the Investor, especially on macro-economic factors, particularly in the last few months opened. For example, he writes:
(…) I am now more optimistic. I think Bitcoin has the ability, far in excess of the S2F-level approach. Then in 2017, I thought that this would be possible, because the Macro environment is not going to explode. Now it is different, things fall apart.
No. I’m more bullish now. I think Bitcoin has the ability to go well beyond the S2F level. Back in 2017, I didn ‘t think that was possible because you didn ‘t have the macro environment blowing up. Now is different, things are falling apart.— Preston Pysh (@PrestonPysh) May 22, 2020
He assumes even that the Bitcoin price is the Stock-to-Flow model projected a price of 100,000 USD, by Far, exceed. To be held at a different time Pysh a rate of 300,000 USD to be possible:
I would tell you that I believe that the next stage of the orbit is 80,000 to $ 100,000. (…) It will go directly by this number, and it will likely rise to $200,000 or $300,000.
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Halving shows impact – Miner, to sell less
Also, if a Bitcoin rate of 200,000 to 300,000 USD will appear with a current price of approx 9.200 USD exorbitantly high, you have to stand Preston Pysh is a certain knack in terms of BTC investments.According to his own statement of the Investor, he has sold its BTCs in December 2017 at a Bitcoin price of 18,000 USD, and until the beginning of 2019 at much lower rates again buys. But that alone justification, of course, not his prognosis. But fortunately, there are other fundamental factors that the optimistic mood of Pysh under the walls.A first analysis after the Bitcoin Halving, the selling pressure by the Miner selling Bitcoin has already taken off, so soon after the Halving. The image below shows that in the last week, on average, only about 6.500 moved BTC for the first time by miners after the receipt of the Block Rewards, so in all probability were sold.For comparison: in the 12 weeks before that, it had been an average of about 12.300 in the week. Almost twice as many, and is consistent with the halving of the Block Rewards the Miner from the 11. May.Here you can the Bitcoin exchange rate and long you’re going to shorten still looking for a trading platform? We want to help you to find the right contact for a safe, secure trading with Bitcoin. If you are still in search of a reliable, regulated Broker that you trade with Leverage (2x),taking Long and Short positions,deposits via PayPal,the Sending of real Bitcoins in your Wallet andthe use of a wide range of trading tools,without a Download of any Software is necessary,then, is the world’s leading Social Trading platform eToro is just Right for you!Here you will benefit from a pleasant Design and easy and intuitive operation with customer service around the clock. Register today, without obligation, and try out all the features of the platform, without being forced to trade with real money.What are you waiting for? If you’re convinced, then you must act now!75 % of private CFD accounts lose money. No EU investor protection.You look better Videos to read the article? Then look at our Youtube Channel over. Subscribe to our News channel to not miss any News.(Image source: Shutterstock)The versions in this article, no trade recommendations or investment advice.