‘Bitcoin to $90.000 in a bid for the 2024 games, because of the scarcity,” says the Bavarian bank has to report

More scarce than gold, and in silver, and in a digital format and send it via the internet, radio waves and satellite, and without a third party?
Yes, that’s the promise of bitcoin (BTC) in each case.
The agreement becomes partly true, because the basic characteristics of the network are in a strong position for hashrate, number of transactions, transactietarief, ed.). the “hardness” of a bitcoin is if the asset will increase in the coming years is expected to increase.
Whether that will translate into a higher price, it remains just guess work. However, on the basis of the stock-to-flow model, or a prediction.

Contents

Bitcoin’s proof-of-work

But first, a little explanation about how clever Satoshi Nakamoto, the bitcoin ecosystem has a set-up.
Bitcoin has a number of unique features, as it is.a. rare, digitally, securely, and in a decentralised manner. The maximum number of bitcoin is 21 million. Nothing more, nothing less.
The asset has a very low inflation. Please refer to the following chart of the monetary inflation of bitcoin.
The system is designed so that every ten minutes a new block is added. With a new block, a miner has been hashcash proof-of-work provided.
When a new block is given to the miner as a reward, and the block reward.
The income of the miner consist of a transactiefees that the users pay for the network use.
The oily fish is, however, a new instance of bitcoin-in a new block (also known as a subsidy, referred to as, ed.), the miner has also received.
In this model, however, is not static. As the chart above shows, the curve for the number of new bitcoins decreases. Therefore, We can say that bitcoin is in a still less rapidly in the circulation.
The answer to this question, the halvings that are held every four years, after the range of 210,000 blocks take place.
There will be two halving events in 2012 and 2016. That is, the initial rate of 50 BTC (in two events), drawn and quartered for the present subsidy is 12.5 BTC.
It is exciting, because it is in april or may of 2020, there will be the next halving, the block reward halves, then 12.5 BTC, at 6,25 BTC. In short, it is still less new BTC on the market.

Bitcoin is scarce, and stock-to-flow-and-PlanB

It is schaarstemodel that has also attracted the attention of anonymous, a Dutch quantitative market researcher (‘as’) PlanB.
He has statistically proven to be valid in the analysis model have a look at the cost of a premium is more precise to control.
In this case, the bitcoin, but it will also work in gold and silver, which, in turn, speaks in favor of this, in march, we introduced a stock-to-flow model (SF).
For the sake of clarity, the term SF is not a result of PlanB thought of it, but it has been used before by o.a. Saifedean Ammous, the author of the Bitcoin Standard.
PlanB is, however, the first of which is a model designed for the future price of bitcoin can be determined.
As I said, SF is a measure for the availability of any particular property to be measured. And, simply put, is a shortage to a great extent determines the price trend of an asset.
Over the next seven to eight months to determine the value of a bitcoin as we are in the model, of PlanB have you believe.
First, limit the amount of new bitcoin (‘flow’) after the year 2020. This means that after 2020, the number of new bitcoin (‘flow’) should be less than 2% of the total circulating bitcoin (“stock”), will be.
The share of the variable ‘flow’ in the model will take off in the next few years.
In the figure above are briefly explained. The fair market value (the market cap of bitcoin, and the S/F is available at a monthly scale in an puntenlijn placed for the period of december 2009 through February 2019).
Note: in order for the approximately one million BTC that are “lost” are not included in the model alone.
The model proves that PlanB is a statistical correlation between the SF and the fair market value (more than 95% in the case of regression analysis).
This theoretical model proves to be PlanB, that scarcity is the dominant prijsdrijver for bitcoin is to.
As a result, we have a value of ‘scarcity’ to hang out with, is that in an SF 25. After the halving by 2020, the schaarst, and the value is between 50 and 53 are off.
In comparison, gold has a SF of 62, and is thus a threat, “harder” than bitcoin.
With the halving of the bid for the 2024 games must be bitcoin that is ‘behind’ to make up that gap. In fact, it is the result of bitcoin is the ‘100’ may be passed over.

When moon is?

PlanB also clear that the bitcoin price is not the asset, but the price on the SF-model is observed.
The pricing model is plotted on the basis of the SF ratio (the black line) and the actual price. The coloured dots are the number of mined blocks per month.
The output will vary according to the month variable, block times, it’s not necessarily each and every ten minutes a new block is found.
If we look at the price, then it is PlanB is in the model at us $55,000 per unit, based on a market cap of $1.000 billion.
In comparison, the market cap is now at $146 billion, and the price per unit at a little over $8.000.
In short, for the price, it should have a 700% increase, over the next eight months through to may 2020.
PlanB can see the price rising because of new money in bitcoin goes to explore. The capital comes from a variety of angles:
investments in precious metals such as gold and silver
well-off and the “normal” citizens in countries with hyperinflationary economy and a corrupt government
new empires in the west and in emerging economies as a hedge against the financial markets (stocks, government bonds, etc.)
‘Institutional investors’ such as pension and hedge funds, this asset will discover

The bavarian bank and gets inspired by: bitcoin at $90.000

The article is PlanB, is in several languages and is also imbued with a number of bankers from the region of Bavaria, the richest state of the country.
The bank BayernLB, three-quarters owned by the state of Bavaria, contains a trend report (PDF), and that bitcoin is ” at ” a price of $90,000 per unit is achieved, as reported Trustnodes.
The banker’s translation of the scarcity to as “hardness”. How rare is an asset, no matter how ‘harder’ the asset and the higher of the asset.
One of the inventions of Satoshi Nakomoto, which they are very ingenious, the difficulty rate of the mining algorithm.
As soon as the computer power increases, going to be the difficulty rate is to adjust each and every two-weeks this problem is well-ed.). up to the top. Take the processing power off (in progress), the difficulty decreases.
This means that the miners are more comfortable for block rewards to earn.

How can the above graph be explained?
The blue dots are close to the line, to show a strong correlation to the fair market value (the market cap of bitcoin and the stock-to-flow ratio.
The precious metal is above the regression line indicate that the fair value is primarily based on their use (such as metal industry, etc.).
Both gold and bitcoin, and that ratio has been reversed. The essence of an asset is a store of value, a oppotmiddel, in lieu of a payment in a circular economy.
The SF model of the PlanB, then up bitcoin on-line, after the next few halvings will be in 2020 and 2024.
The researchers in this report as the line was extended to the halving of the bid for the 2024 games, and will come out at a cost of $90,000 per unit. 1125%, more than 11 times higher than the current price, which is almost impossible to imagine.
In a bid for the 2024 games can be bitcoin is the position of the gold to take over as the ‘hardest’ form of money.
Prijsvoorspellingen such as these are, of course, with the huge information.
How solid are the theoretical model are also shown in the lay of the land, no one can accurately predict the way the price of an asset is going to evolve. Invest in a bitcoin remains due to the volatility and very high risk.

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