Bitcoin price 2020 forecast by Blockchain expert Bloomberg




Spencer Bogart, Blockchain Capital general partner, discusses his predictions for the cryptocurrency market in 2020. He speaks with Bloomberg’s Joe Weisenthal and Scarlet Fu on “What’d You Miss?” (Source: Bloomberg)

According to economics reference materials, stock to flow is defined as a relationship between production and current stock of a commodity

It has gained a following in the crypto community as a measure of future Bitcoin performance. This has stemmed from updated models and theory published by industry analyst ‘PlanB’.

Using previous Bitcoin halvings as an example the analyst predicted that the same will happen again as the stock to flow ratio doubles after the BTC block reward is halved. This works on the premise of perceived supply scarcity and resultant increase in demand.

It has been a strong argument, especially when backed up with charts showing previous rallies after a halving. . A live chart can be viewed here and it has been pretty accurate so far.

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1 Comment

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