Bitcoin prices were better after the second week of September, hovering between $ 46.5,000 and $ 48.5,000 per unit for the past two days. Meanwhile, Bitcoin proponents still believe there will be a significant second leg this year, and a recent poll released by Plan B with 123,410 votes shows people believe Bitcoin will hit $ 100,000 by Christmas 2021 ” Illiquid Supply Floor ”indicates that Bitcoin prices may never drop below $ 39,000 again.
Plan B’s Bitcoin price poll sees 100,000 votes
Plan B is a pseudo-anonymous Twitter account (@ $ 100 trillion) and the creator of the Bitcoin pricing model called Stock-to-Flow (S2F). Plan B has stated in previous tweets that Bitcoin (BTC) prices might be lackluster in September, and this week he called “Let’s skip September and go straight to October.”
He said this because Plan B, in a tweet he wrote on June 20, expected bitcoin prices to follow this path: “Aug> 47K, Sep> 43K, Oct> 63K, Nov> 98K, Dec> 135K . ”So far, Plan B’s bitcoin price prediction was on point in August and even September.
On September 11, 2021, Plan B decided to conduct a Twitter poll, as it has done on various occasions in the past. Plan B has 799.1K Twitter followers, so word of its survey spread on the social media platform. The poll he shared last Saturday asked the following question on Twitter:
Do you think Bitcoin will hit $ 500,000, $ 288,000 (S2FX model), $ 100,000 (S2F model) or BTC will stay below $ 100,000 by Christmas 2021?
123,410 votes were cast in Plan B’s poll on Twitter and 45.7% believe it will hit $ 100,000. Approximately 32.7% of voters believe BTC will stay below $ 100,000 through Christmas 2021. 15.3% of people think they think $ 288,000 is possible and 6.3% believe that $ 500,000 per bitcoin could be reached by the end of the year.
Will Clemente’s model propose that Bitcoin’s floor price is $ 39,000
In addition to the latest Plan B survey, Will Clemente, Lead Insights Analyst at Blockware Solutions, tweeted about a pricing model called the Illiquid Supply Floor.
“We introduce: Illiquid Supply Floor”, Clemente tweeted on September 15th. “This combines Glassnode’s illiquid supply data with Plan B’s traditional S2F model, creating a price floor based on Bitcoin’s real-time scarcity. Currently $ 39,000, ”added Clemente. He also thanked Matt Faltyn for helping him “bring the model to life”.
Crypto entrepreneur Anthony “Pomp” Pompliano congratulated Clemente on his card and said, “This is a blast. Good job. “Meanwhile, others were not so nice and named the model” Hopium “in response to Clemente’s chart.
“Combine old garbage with new garbage. Still trash at the end of the day, ”one critic tweeted. “Besides, if Bitcoin is so“ scarce ”and due for a“ supply shock ”, why hasn’t it introduced a new ATH in almost 6 months? If it’s so rare, why has it been between $ 30,000 and $ 50,000 for so long? “
What do you think of Plan B’s 123,000-vote poll and the Illiquid Supply Floor model recently tweeted by Will Clemente? Let us know what you think on this matter in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons, Will Clemente, Twitter, Plan B Poll,
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