Quant analyst Plan B, creator of the Bitcoin stock-to-flow model, which correctly predicted the 14X rise in BTC price, from $4,000 to $55,000 shares good Bitcoin news on crypto twitter, that the S2F model still points to $500K per coin after the 2024 halving.
“Even if the original $55K model was right and the later $100K update wrong, the difference is “only” 2X. Remember that S2F model was created in March 2019, when bitcoin was below $4K. IMO the correctly predicted 14X rise (55/4) is worth more than the 2X prediction error (100/55).”
Original 2019 $55K S2F model seems to fit better than later $100K update. Interestingly a refit based on 18m average S2F ratio and 3 yrs new data confirms the original model. The bad news: $100K was probably too high. The good news: model still points to $500K after 2024 halving.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3NGNRfM
✔ Paraguay Approves Cryptocurrency Bill: https://bit.ly/3MYAmYF
✔ When to Expect Bitcoin’s Next Crypto Rally: https://bit.ly/3x6MFwR
✔ LTH’s Double Down on Ethereum: https://bit.ly/3avDbSP
✔ Raul Pal More Bullish on ETH Than BTC: https://bit.ly/3M5qzPy
✔ $500K Bitcoin Prediction: https://bit.ly/3PIr8Sl
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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The Metaverse May Be the Future of Virtual Reality
Microsoft announced plans to develop its own Metaverse for Teams users. Teams users could visit virtual spaces as early as 2022. The metaverse is a combination of software and hardware, data centers, and blockchain technology. Boeing is also involved. Boeing is considering the metaverse as an important part of its digital workplace. The company is working on the concept with researchers. This article provides more information about the future of this technology. The Metaverse may be the future of virtual reality.
This futuristic technology is not entirely new. Author Neal Stephenson first used the term Metaverse in 1992, referring to 3D virtual spaces. It has evolved through virtual reality, augmented reality, and cryptocurrency. The concept of virtual reality was made popular in Ernest Cline’s Ready Player One, a novel and movie released in 2018. In 2014, Facebook acquired the virtual reality hardware company Oculus. Currently, several companies, including Microsoft, have invested in Metaverse.
In addition to enabling cryptocurrency adoption in virtual worlds, metaverse platforms also offer a way to invest in the cryptocurrency. Users can purchase Metaverse crypto tokens at top cryptocurrency exchanges. The blockchain-based metaverse systems will allow full interaction with users. Those interested in investing in metaverses should do their homework and learn as much as they can. There are many benefits to investing in crypto in virtual worlds. Investing in these systems is an excellent way to make a profit.