142: BITCOIN HALVING HEADACHES INCOMING!! | Massive $68 Trillion Wealth Transfer Bullish For BTC

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - February 28, 2020 14:15 - 18 minutes - 8.81 MB - ★★★★ - 537 ratings
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A crypto analyst known for applying the stock-to-flow ratio to Bitcoin says BTC is facing a number of headwinds as the 2020 halving approaches. The Bitcoin halving, which happens about every four years, will slash the supply of new BTC entering the market in half this May.

The pseudonymous analyst known as PlanB says Bitcoin’s supply schedule is strongly linked to the BTC price. He was the first to apply the stock-to-flow model to the Bitcoin price, which tracks the circulating supply of an asset against the amount of new supply hitting the market. Often used to track the price of gold and precious metals, PlanB says the ratio is strongly correlated with Bitcoin’s past price movements and shows BTC hitting a high of $1,000,000 within a decade.