From the durability of one of the most popular Bitcoin price predictions to the push for private Litecoin transactions, here’s a look at some of the stories breaking in the world of crypto.
The widely-followed analyst who first applied the stock-to-flow ratio to Bitcoin says the model is not built to last forever.
The model, which tracks the circulating supply of an asset against the amount of new supply hitting the market has proved remarkably accurate for tracking Bitcoin’s past price action.
Using the model, the outlook from the anonymous analyst PlanB indicates BTC could hit $100,000 sometime around the year 2021 and break $1 million around 2025.
But in a new series of tweets, PlanB says he’ll be happy if the model maintains accuracy for the next two to three more halvings, which is the equivalent of about 4.5 to 8.5 years.
After that, he says all bets are off due to how difficult it is to predict the future value of the US dollar and other assets.
I normally don’t deploy statistical models 120+ years out into the future. I would be happy if the model holds for 1 or 2 or maybe 3 more halvings. Especially since BTC is measured in $ .. who knows what happens with $ if the FED keeps doing more QE (money printing).
— PlanB (@100trillionUSD) October 31, 2019
In a new blog post on Medium, crypto analysts from Dragonfly Research hypothesize that Ethereum will never face another possible fork. Authors Leland Lee and Haseeb Qureshi argue that by applying the principles of game theory, Ethereum escapes the possibility of a split because of the “inherent fragility” of decentralized finance (DeFi).