A crypto analyst recognized as the innovator of using the Stock-to-Flow model to predict the course of Bitcoin said he is inclined to part with his Bitcoins at a particular price level.
PlanB told its 517,300 followers on Twitter that he is willing to hold the top crypto asset either at its goal price or at zero levels:
I consider my investment in Bitcoin as a call option. I will equally bring it to zero or $ 1 million and define my position.
Even though earlier the cryptocurrency analyst projected that, based on the Stock-to-Flow model, BTC would eventually reach $ 100,000 or as high as $ 300,000, now his thinking is focused on the fact that the expansion potential of Bitcoin surpasses the risks of movement in the other direction.
I am less fascinated by the $ 100-300K prospect because I focused my plans on the halving of 2024 and after that. I don’t worry about volatility, the key is asymmetric profits ($ 0 vs $ 1 million).
PlanB also stressed that last week’s Bitcoin sell-off produced enormous losses worth tens of billions of dollars. He, however, derived a positive conclusion from the situation.
“Good news: these more than 1 million Bitcoins that were sold are now in strong hands. For amateurs, this volatility may be too critical. We all know what kind of people were selling BTC in May. They are always the same type”.
