Twitter-Famous Investor Sets $288,000 Price Target For Bitcoin By December 2021

PlanB, the pseudonymous institutional investor behind the popular StockTo-Flow (S2F) Bitcoin price model, expects Bitcoin to reach $288,000 by the end of 2021.

What Happened: In a series of tweets, the S2F creator explained that we are only a little over three months into the bull market, and in his opinion, Bitcoin will not stop at $100,000 but will continue to reach an average price of $288,000.

December close: $28,992
January close: $33,141
February close: $45,240
March 17 price: $55,000
We are only 3.5 months into the #bitcoin bull market. IMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher). pic.twitter.com/skS6a7pepu

— PlanB (@100trillionUSD) March 17, 2021

According to PlanB, Bitcoin’s all-time high will be higher than $288,000, which he considers the “average price level” for this four-year cycle.

“288 is the average for this 4-year cycle, so I guessed that we should be somewhere at that level by December this year, otherwise it will be difficult to keep the 4yr average at 288. That is the only reason I mention Dec 2021 frequently,” he said on Twitter.

PlanB claims that he uses a very clean mathematical definition for bull and bear markets, based on his on-chain models, which is why he is confident that December 2020 was the first month of the bull market.

Why It Matters: PlanB’s Stock-To-Flow model measures the “stock” or the existing number of Bitcoin in circulation and pairs it against the “flow” or the number of coins that are minted.

Since the model was first introduced, many market proponents have found that it has been fairly accurate and consistent. The model’s accuracy has served as a vote of confidence to the S2F creator, as well as his 300K Twitter followers.

“Indeed, I guess forecasting or estimating would be a better term than predicting,” said PlanB with regards to his confidence in predicting Bitcoin's long-term price movements.