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Bitcoin Indicator Shows BTC Poised to Shatter $700,000: Digital Asset Research
As Bitcoin continues to slide, down $1,000 since Monday and dropping just below $10,000, Digital Asset Research, an institutional-grade crypto data and analysis company, has released the results of a new model that predicts Bitcoin will surpass $60,000 in less than a year. The model is based on the stock-to-flow ratio, which compares the amount of a commodity in circulation divided by the amount produced per year. The ratio is typically used to forecast the price of gold and was popularized in crypto circles by analyst PlanB. After crunching the numbers, Digital Asset Research says its results are close to those ... (full story)
