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New Bitcoin Model Forecasts Explosion to $288K | Tim Draper Doubles Down on His $250K BTC Prediction

VIDEO TRANSCRIPT

In today’s show, I’m going to be sharing with you the new stock, the flow forecasts, which puts the average Bitcoin price at two hundred and eighty eight thousand dollars by twenty twenty four, introducing his latest revamp of the popular price model analyst Plan-B ads. Golden Silver and almost trebles his previous forecasts. He actually just published it and titled Bitcoin Stock The Flow Cross Asset Model. The latest version of the popular and thus far accurate bitcoin price model predicts an average price of two hundred and eighty eight thousand dollars. And it could happen this year. I’ll be giving you the full scoop here in today’s episode. Also in today’s show, Bitcoin Bull Tim Draper doubles down on his two hundred and fifty thousand dollar Bitcoin price prediction. If Bitcoin does not hit two hundred and fifty thousand by early twenty twenty three, Tim Draper jokingly says he’ll eat a raw egg. I’ll be giving you the full scoop here in today’s show. We’ll also be taking a look at the overall crypto market. BTC is back in the green. Most the major cryptos are also in the green, whereas the bitcoin price likely to go from here. Find out all this. Plus, so much more in today’s show. Here at kripp, the news alerts, I drop a brand new episode every single day, so be sure to smash that subscribe button and click that Bell icon to receive notifications of the latest premium crypto news. And before we kick off today’s show, if interested in learning from America’s number one investor, take a toworry. The Wall Street legend who picked Apple in two thousand and three and Bitcoin in 2016 as he shares his number one pick for the twenty 20th. They’re calling it the investment of the decade. Right now, there is a mad rush in corporate America. It involves Amazon, Google, Microsoft and Facebook. They’re all betting on a new technology that the World Economic Forum projects will soar two hundred and ninety five thousand percent over the next seven years. But it’s not A.I., the Internet of Things or 5G to discover what it is. Click the link right below this video in the description. All right. Welcome back to another episode of Crypto News Alerts. I’m your host, Javy. And let’s dive right into today’s top story of the day. In a blog post introducing the third incarnation of the stock, the flow model on April twenty seventh analysts Plan-B revealed fresh calculations that are taken his forecasts even higher. And I’ll include this resource in the show, notes below the video in the description, so you can actually read it all for yourself and get it directly from the horse’s mouth. But now let me give you some of the highlights. Bitcoin stock the flow ex demands two hundred and eighty eight thousand per coin. That’s right. This time, gold and silver joined in, combining with bitcoin to create the new bitcoin stock, the flow cross asset model called Stop the Flow Ex Stock. The flow calculates a value based on the supply of new bitcoins entering circulation through mining versus the existing supply or stock. The retroactive application confirms that the model is extremely competent at charting Bitcoin’s growth. With even last month’s 60 percent drop still falling within its predicted range prior to stock the flow ex and updated stock, the flow chart put bitcoin at an average of around one hundred thousand dollars between twenty twenty and twenty twenty four with the release of the new version. However, that prediction has almost tripled overnight. Let’s go stock the flow, right? Here’s what he is quoted saying. The stock the flow ex-model formula can be used to estimate the market value of the next bitcoin phase cluster bitcoin stock. The flow will be fifty six in twenty twenty to twenty twenty four. Plan B. Summarize this translates into a bitcoin price given 19 million bitcoin and twenty twenty to twenty twenty four of two hundred and eighty eight thousand dollars. Personally, I love the stock. The flow model. Kudos to plan B for putting this together. It’s been the most accurate model over the past decade that I’m aware of inside this bitcoin space. And as you can see, the trajectory of the bitcoin stock, the flow cross asset model. This shows bitcoin monthly data. You can see the yellow dot is a bitcoin cluster, one which shows proof of concept. Then we have the more orange color which is cluster to show in payments and then a straight up orange which is e-gold. And then we have the red cluster, which is a financial asset, and then we have silver, which is silver. And then the gold color which represents gold stock. The flow ex introduces the idea of clusters for bitcoin as it moves between various use cases. According to plan B, the crypto has already been considered as a proof of concept for payments as e-gold and currently as a financial asset. Each tag company is a cluster of price points on the stock, the flow chart and each cluster gives a markedly different price forecasts. Each of the four identified bitcoin clusters has a very different stock the flow market value combination that seems to be consistent with havinga and changing bitcoin narratives, he continued. So far it is the financial asset cluster which has produced the largest stock. The flow value and market value twenty five point one and one hundred and fourteen billion respectively. Under stock. The flow ex and stock the flow value of fifty six Bitcoin’s market value should balloon to five point five trillion, corresponding to a price per coin of two hundred and eighty eight thousand dollars. The update was not without its detractors. Having previously criticised earlier work, the high volume bitcoin trader known as Joe Double-O 7 took a fresh swipe at the stock the flow, arguing that Plan B should include more assets such as the controversial altcoin Bitcoin Satoshi vision. Here’s what he said. I think Plan-B made a step in the right direction by including more assets in his model solid work. As soon as the stock the flow ex is confirmed for a wide range of assets like ptw, Bitcoin, CentOS Vision and BCSE. It will have my enthusiastic support, highly scientific. Now here’s an interesting comment from Joe Double-O 7. He claims that Bitcoin’s upcoming having is already priced into the Bitcoin slash USD price and that next month’s event will precede a price crash. I disagree here, but I’d love to know your thoughts in the comments right down below. I personally do not feel that Bitcoin’s upcoming having is already priced in. I think we’re gonna get very. Bullish here shortly. But I’d love to know your thoughts in the comments right down below. A theory I’m co-founder Vitaliy Budarin, meanwhile, is also amongst those with reservations about the stock, the flow model. Now I’m going to include this resource in the show notes below the video and the description. This is that blog post with the update to the stock, the flow model, which shows all the math on how the price was derived. As you can see here, this translates into a bitcoin price of two hundred and eighty eight thousand dollars. Once again, it’s in the show notes right down below this video in the description. So be sure to check it out and shout out to Plan B. Now for our next story of the day. Tim Draper doubles down on his $250000 bitcoin price prediction. Before we break this down. Let’s take a look at the overall cryptocurrency market. Bitcoin is up about three quarters of a percent. Trading just above seven thousand seven hundred and fifty dollars a theory. Um, and all the major cryptos are also back in the green with the theory. I’m up 1.3 percent, trading at one hundred and ninety seven dollars. SRP up 5.8 percent. Trading at 20 cents. Miss Litecoin up 1 percent. Trading at $44. BMB up point 1 percent. Trading at sixteen dollars. We got c.o.’s up 0.4 percent, trading at two dollars and seventy four cents. Satoshi vision up a half a percent. Trading at one hundred and ninety four dollars and bitcoin cash up 1.5 percent. Trading at two hundred and forty one dollars. I would like to see bitcoin break that seventy eight hundred dollar resistance. I feel once we do that we can continue climbing and surpass that eight thousand dollar level. Now let’s take a look at some of the largest exchanges by NANCE has about four billion in volume in the past 24 hours. Down 20 percent in the last day. OK. X is up over 50 percent in the past 24 hours with 2.3 billion in volume. Bit max down 36 percent with one point four billion in volume. And as you can see, these are all the major exchanges yesterday. They were all in the green the day before. They were all in the green. So this is just makes sense as we can’t stay in the green forever. Sometimes things need to settle and the volume will slow down as we’re witnessing right now. All right. Now for our next story of the day. Tim Draper saying he’s going to eat a raw egg at the Bitcoin price doesn’t hit a quarter million. I love it. Speaking at Virtual Blockchain Week, famed venture capitalist Tim Draper confirmed that he’s sticking to a six figure Bitcoin price prediction back in 2018. Tim Draper made a bold public call that the price of Bitcoin would reach a quarter million dollars by the end of 2022 or early twenty 2023 as it today. He’s sticking to it. Here’s what he said. That’s my prediction. Sticking with it. I’m very confident that this is going to happen. That’s happening. It’s kind of funny. He cites a couple of major reasons that might drive that kind of price action. Draper believes that the U.S. government‘s massive stimulus package will debase the value of the dollar. I agree 100 percent and send people to crypto. He also expects that Bitcoin will see massive commercial adoption around the world within this timeframe. Here’s what he said. All of a sudden, retailers say, oh, you mean I don’t have to pay 2.5 to 4 percent to the banks? Every time somebody swipes a credit card to say what, crypto? They don’t have to. Draper says a company called Open NOAD, which he invested one point two five million, can make it happen. Open NOAD is building a bitcoin payment gateway on the a network known for extremely fast Bitcoin transaction settlements in time. Draper believes such services will prove their competitive advantage over the conventional players, such as credit cards, and will steal market share away from them the same way MasterCard and Visa took market shares away from then the dominant American Express. Draper also jokingly promised to eat a raw egg if his prediction falls short, an illusion of a more savage promise made by John McAfee, which I’m sure you all remember it Bitcoin doesn’t hit a million dollars by the end of 2020. I will eat my own what on national TV? Please don’t do this for the kids. Jon, please don’t do this. But with having countdown looming, there is rising mainstream attention on Bitcoin’s price movements. That’s a fact. Now let’s take a look at the overall cryptocurrency market cap. We’re sitting at two hundred and twenty three billion with one hundred and twenty six billion in volume in the past 24 hours. And the current BTC dominance is sixty three point seven percent. Yesterday it was 64 percent. So it took a step back just a little bit for today and taking a look at the top gainers within the top one hundred. We have ave up 17 percent trading at 4 cents. Stellar lumens up 12 percent. Trading at 7 cents detects futures up 11 percent. Trading at four point eight cents higher on up 7 percent. Trading at seventeen point eight cents. Synthetics Network up six and a half percent. Trading at seventy five cents. And D Central Lambe up 6 percent, trading at 3.3 cents. And now for the biggest losers for the day, hive down 31 percent. Trading at 52 cents. Steam down almost 8 percent. Trading at 20 cents. Made safe coin down 4 percent. Trading at nine point eight cents. Did you buy it? Down about 4 percent. Trading at one cent, one point one cent to be exact. Engine KOIN down three point eighty eight percent, trading at thirteen point two cents. And Quant down 3.8 percent. Trading at $4 and eighty six cents. And now checking out the Big Macs margins. Wow. Once again, when I hit the record button about 10, 15 minutes ago, shorts were leading superior. Now longs are back in control. Go bulls. Leading with about 7 million and superiority in the past 24 hours with longs leading fifty point three eight percent versus forty nine point six two percent. Shorts. Are you currently bullish or bearish on bitcoin? Let me know your thoughts in the comments right down below. And now checking out the crypto greed and fear index. It shows were rated at twenty seven in fear. Yesterday was at twenty six last week in nineteen and last month of fourteen. And if you’re not familiar with the crypto greed and Fear Index, extreme fear can be a sign that investors are too worried. That can be a buying opportunity. And when investors are getting too greedy. That means the market is due for a correction. And now for the bitcoin block reward having countdown. We have 13 days, 21 hours. Forty five minutes and fifty five seconds remaining until the estimated date for the Bitcoin having set to be May 12th. In case you missed yesterday’s episode of crypto news alerts, the sole focus of the entire show was the bitcoin having. I shared everything you need to know about this event, which is a rare phenomenon which only occurs approximately every four years. There’s a bit of code written into the DNA of the bitcoin blockchain, so the block rewards about to get cut in half. When this happens, it becomes twice as difficult to mine a single bitcoin. Right now, the current price for the average miner to mine a bitcoin is about seven thousand dollars. So in two weeks it’s going to cost them fourteen thousand dollars. So I am very bullish leading up to this. I don’t think the bitcoin price is already priced into the having, as Joe Double-O Seven shared in that recent article. But I’d love to know your thoughts in the comments right down below. I personally would love to see bitcoin test new all time highs this year. If you remember back in December of twenty seventeen, bitcoin went parabolic, rising all the way to twenty thousand dollars. Now this has happened two different times before. Back in 2012 there was a having one year later. Bitcoin skyrocketed and then the same thing happened in 2016. One year later in twenty seventeen, bitcoin reached a new all time high. Will it happen again? I think so, but I’d love to know your thoughts in the comments right down below. And I want to encourage you to check out the description right below this video by clicking show more in the description right down below for a detailed analysis of what’s going on in the market. This goes for all 400 plus videos right here on my channel. Also, have some very helpful resources for you to plug into, including the blog to my podcast, which could be found at Krypto News. Yes, dot com. This allows you to download the latest episode of the show every day and m_p_ three format so you can listen to it on your way to work or on the go when you’re out and about. Also, be sure to subscribe on YouTube if you haven’t yet already done so. This helps tremendously with getting more traction to the channel. And also we’re on all the major podcasting platforms, including Apple’s i-Tunes, Spotify, Google Play, Stitcher Radio. So whichever podcasting platform you’re active on, please help support the show. It’s greatly appreciated. You can also follow us on Twitter to receive daily Krypto News alerts. My Twitter handle is Krypto News. Yes. And also I have a private Krypto Facebook group with over 17000 strong from all over the world to become a part of this. Simply click this link, request the join and I’ll be sure to plug you in and also have a private Krypto telegram chat. I’m very active on to become a part of this. Click this link from a mobile device and you’ll automatically be added. And I’m looking for a connecting with you on the inside. Well, that’s going to conclude today’s show. As always, I appreciate you tuning in and journeying along with me inside this incredible crypto revolution. If you gain value added today’s show, be sure to smash that subscribe button and click that bell icon to receive notifications of the latest premium crypto news. And real quick before I go, if interested in learning from America’s number one investor, Teka toworry the Wall Street legend who picked Apple and Two Thousand and three and Bitcoin in 2016 as he shares his number one pick for the 2020s. They’re calling it the investment of the decade. Right now, there’s a mad rush in corporate America and involves Amazon, Google, Microsoft and Facebook. They’re all betting on a new technology that the World Economic Forum projects will soar two hundred and ninety five thousand percent over the next seven years. But it’s not A.I., the Internet of Things or 5G. For full details on what it is and to watch this exclusive presentation with tickets, worry. Click the link right below this video and a description. Check it out and I’ll look forward to catching you on tomorrow’s episode piece.

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