Is Bitcoin Following S2F Model? How a $200K Top Could be in Sight
Is Bitcoin a commodity? It is, according to most regulatory agencies including the CFTC. But is Bitcoin a store of value (SoV) commodity? That seems to be the current consensus. Most of the investors are treating it as so, and calling it “Gold 2.0.” Well, if that’s the case, then Bitcoin should follow the stock-to-flow model. At least to a degree. The model gauges the total amount of “stock” – Bitcoin, in this case – […]
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Bitcoin ($BTC) believers rejoice – the world’s most valuable cryptocurrency could pump to $200K in the final quarter of the year, according to crypto analytics firm CryptoQuant. The coin is already showing signs of recovery as it rebounded to $118K in the past several hours. This comes as uncertainty looms over the US government, which […]
Bitcoin is actually overshooting the popular S2F model price as the month of March begins. The price of Bitcoin (BTC) is outpacing the popular Stock-to-Flow (S2F) model, which predicts that the BTC price would eventually reach $200,000.The S2F model forecasts the long-term price trend of Bitcoin by taking two main factors into account, namely the amount of BTC in existence (the stock) against the amount of newly mined coins entering the market (the flow).Bitcoin is on track to $200,000 based on S2FAccording to the the S2F multiple, the price of Bitcoin should be hovering at around $36,851....
Chipotle Mexican Grill, often referred to as simply Chipotle, has announced a new cryptocurrency game that encourages fans to “Buy the Dip.” The game aims to give away over $200K in crypto rewards and coupons for specific foods priced at a penny.
Chipotle Returns With Another Crypto-Infused Contest
In April 2021, Bitcoin.com News reported on the American fast-food chain Chipotle (NYSE: CMG) giving away free burritos and bitcoin (BTC) to celebrate National Burrito Day. The giveaway was featured as a game that visitors could play in order to win a BTC or burrito....
Chipotle launched a limited time market simulation game ‘Buy the Dip’ which will give away $200k in crypto. Chipotle Mexican Grill is celebrating National Avocado Day on July 31 and through this new game called ‘Buy the Dip’, it is offering players to get a chance to win thousands of dollars worth of cryptocurrency. This […]
This week in a note to investors, Fsinsight, a Fundstrat company, said bitcoin could reach $200,000 during the second half of the year. In the investor’s note, Fsinsight’s head of digital asset strategy, Sean Farrell, said the parabolic growth would be due to “legacy market capital entering the fold.” Fsinsight: ‘Bitcoin to Tap $200K in H2 2022, Ethereum Will Jump Close to 400%’ While last year’s $100K predictions went silent during the last month of 2021, bitcoin (BTC) price predictions are starting to appear again this year. According to....