{"id":1600000,"date":"2022-07-29T10:11:16","date_gmt":"2022-07-29T14:11:16","guid":{"rendered":"https:\/\/platoaistream.com\/?post_type=station&p=1600000"},"modified":"2022-07-30T00:02:53","modified_gmt":"2022-07-30T04:02:53","slug":"is-it-right-time-to-invest-in-crypto-market-crypto-expert-shares-bullish-indicator","status":"publish","type":"station","link":"https:\/\/platoaistream.com\/plato-data\/is-it-right-time-to-invest-in-crypto-market-crypto-expert-shares-bullish-indicator\/","title":{"rendered":"Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator"},"content":{"rendered":"
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Famed crypto analyst and creator of the stock-to-flow model PlanB, has expressed that the current market carnage is what everyone expects the market to do<\/a>, according to him, things can\u2019t get worse than they already are as these expectations have now already \u201cpriced in\u201d.<\/p>\n

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Does this count as the end of the bearish trend?<\/h2>\n

The analyst PlanB, infamous for making some incorrect predictions<\/a> including bitcoin hitting $100,000 has given what he calls a bad and good news. He relayed that people\u2019s expectations for the markets is what is playing out now.<\/p>\n

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The S2F model creator expressed that there is a general wave of gloom across the global market and people are highly bearish, expecting the market situation to turn as sour as the financial crisis of 2008 and the 2020 covid period<\/em>.<\/p>\n<\/blockquote>\n

According to him, everyone\u2019s bearish sentiment is now priced in which is the sole reason for high rates and the decrease in stocks and bitcoin value.<\/p>\n

PlanB\u2019s S2F model predicts $500K average for bitcoin for 2024 halving; receives criticism<\/h2>\n

In May, the former diutch institutional investor conducted a poll on twitter where 81% voted that Bitcoin would remain below $500,000 by 2027, PlanB however insisted that his S2F model predicts $500,000 plus average<\/a> after 2024 halving.<\/p>\n

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Trending Stories<\/h5>\n<\/div>\n<\/div>\n

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He compared the situation to March 2019 when he made a similar prediction when BTC was below $4K, He said \u201cMajority thought S2F prediction of $55K after 2020 halving was crazy.\u201c<\/p>\n<\/blockquote>\n

The Stock-to-flow model uses the ratio between the existing supply of Bitcoin and the new supply of Bitcoin to estimate future prices of the currency. It also received harsh criticism recently, Daily Gwei founder Anthony Sassano said on twitter, \u201d \u2018Stock to flow\u2019 model is such an epic failure that Plan B should just delete his (twitter) account,\u201d<\/p>\n

Ethereum\u2019s co-founder Vitalik Buterin agreed with Sassano and added that PlanB\u2019s bitcoin indicator isn\u2019t looking good now and described it as harmful.<\/p>\n

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\nAbigal .V. is a cryptocurrency writer with over 4-years of writing experience. She focuses on news writing, and is skilled in sourcing hot topics. She\u2019s a fan of cryptocurrencies and NFTs.\n <\/div>\n<\/div>\n
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[3634,7217,5811,3884,14560,6428,3888,14884,14557,4150,14559,5019,3767,4158,4302,3837,3646,4089,4479,14576,20618,7457,14558,8453,12764,9642,14556,8593,14575,20619,7894,14555],"artist":[5737],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/station\/1600000"}],"collection":[{"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/users\/1"}],"wp:attachment":[{"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/media?parent=1600000"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/genre?post=1600000"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/station_tag?post=1600000"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/artist?post=1600000"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/mood?post=1600000"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/activity?post=1600000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}