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Bitcoin News Alerts | Daily BTC News

971: BITCOIN COULD REACH $72,000 THIS WEEK ACCORDING TO S2F MODEL, BUT SOMETHING WENT WRONG!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 28 June 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

The notorious stock-to-flow model that was perfectly predicting the direction of Bitcoin's movement until the massive correction we saw in May and June suggests that the king crypto (BTC) will reach $72,000 this week, but it is unlikely to happen. Previously, a Fidelity analyst explained why S2F is no longer accurate and will not be in the future. S2F's main source of prediction is the scarcity of the asset, which cannot drive the Bitcoin price alone, especially in modern markets. With Bitcoin, we should add adoption to scarcity to see better results. Unfortunately, it is almost impossible to accurately calculate the technology's adoption rate in the future even if we compare it to similar technologies like mobile devices or the internet. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The five pound meal deal from McDonald's. Get a cheeseburger or mayo chicken, medium fries, four McNuggets and a medium soft drink for guess what? That's right, five pounds. It's not called the five pound meal deal for nothing.

0:14.8

From 11 a.m. Not available on delivery. Carbonated soft drink upgrade fees apply. Participating restaurant's subjects of availability. I had the absolute pleasure of speaking to Pamela Anderson. All thanks to the Dove Self-Eesteem Project.

0:27.2

We speak about the impact Y2K has had on women's body confidence and how Pamela has regained control.

0:33.0

The Dove Self-Esteen project is an amazing initiative supported by science-backed methodology to help us

0:38.8

improve our relationship with our bodies. To find more body confidence building exercises,

0:43.4

go to dove.com forward slash Y2K. That's Y2K spelled W.H.Y2K. In today's show, we'll be

0:51.1

discussed in final capitulation and five reasons why the Bitcoin price can bottom at $10,000, and quoting rich dad Robert Kiyosaki, rich dad lesson, losers quit when they lose.

1:01.7

Bitcoin losers are quitting. Some committing suicide. Winners learn from their losses. I am waiting for Bitcoin to test. $1,100. If it recovers, I will buy more. If it does not, I will wait for

1:12.9

losers to capitulate quit and then buy more. Also in today's show, this just in, Moroccan Central

1:18.5

Bank to introduce Bitcoin and Crypto Regulation Bill, as well as more breaking news, $12.8 trillion

1:24.3

in gold deposits discovered in Uganda, doubling the supply of all gold mines

1:29.3

since the beginning of mankind. Gold is not scarce. Bitcoin is. Also more breaking news,

1:35.2

Sam Bankman-Frieds F-TX is looking to buy Robin Hood, according to Bloomberg, as well as

1:39.7

SEC Chairman Gary Gensler, said Bitcoin is the only cryptocurrency that is a commodity. Also, in

1:45.2

today's shell, be sharing three charts showing that this Bitcoin price drop is unlike summer 2021,

1:50.1

as well as Bitcoin mining revenue, mirroring 2021 lows right before Bitcoin breached $69,000.

1:57.1

That's right, Bitcoin revisiting the $20,000 range after one and a half years made mining the most important job of the ecosystem a costly affair. However, if history were to repeat itself, Bitcoin investors may witness another epic bull run that previously helped Bitcoin reach an all-time high of $69,000. And speaking about a new all-time high, Bitcoin can reach $72,000 this week,

2:19.2

according to the stock the flow model, but something went wrong. That's right, the notorious

2:23.5

stock to flow model that was perfectly predicting the direction of Bitcoin's movement until the

2:27.8

massive correction we saw in May and June suggests that the first cryptocurrency will reach

2:32.5

$72,000 this week, but it is unlikely to happen

2:35.9

will also be taking a look at the overall crypto market, all this, plus so much more in today's show.

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