From ADVFN26 Oct 2023 07:55
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Coinbase Faces A New Scandal
BY ROB LENIHAN
But, as Tung demonstrated by pulling up the model in the video, it seems that the notorious model may be back on track with bitcoin’s recent rise. And, if it is, then massive gains are on the horizon.
“According to this, bitcoin could be heading to $1 million by the end of 2025 leading into 2026,” Tung said. “Do I think bitcoin’s going to hit $1 million? Probably not by the end of 2025. But, if it happens, awesome, and then we’ll know for sure the stock to flow is still intact.”
While investor enthusiasm for bitcoin has been palpable lately, it seems unlikely that such an exponential price explosion is realistic. And many who are familiar with the stock-to-flow model will note that it has falsely indicated price highs in the past. But many market analysts and investors are making bullish predictions about bitcoin’s near future, with Tung recently calling a $50,000 bitcoin price by the end of the year.