The creator of the Bitcoin (BTC) stock-to-flow (S2F) pricing model, Plan B, it seems to be tilted by an increase in the price of Bitcoin. Can you imagine Bitcoin reaching $ 25,000? Well, the crypto analyst does imagine it, since he considers that this is the price that the main cryptocurrency on the market can get soon.
Bitcoin price could be close to $ 25,000
The price of the leading cryptocurrency by market cap, Bitcoin, may be closing in on the USD. 25,000, once it can break the side market. This has been made clear by the PlanB analyst through his Twitter account.
Bitcoin’s price is always a matter of debate, not only among market enthusiasts, but also by many analysts. Predicting what’s going to happen with the cryptocurrency is always a topic of interest.
The analyst expressed in his Twitter account the following:
“S&P 500 and Bitcoin have been correlated and co-integrated for the past 10 years. The implicit price of Bitcoin according to the S&P: $ 25,000. Interesting times are approaching ”.
It should be noted that recent studies highlight that Bitcoin is closely related to the S&P 500. Recall that PlanB recently released some striking predictions regarding the price of Bitcoin, previously holding that BTC would reach $ 190,000.
But and you? Can you imagine the price of Bitcoin reaching USD 25,000?
Steve Wozniak sues Google for not acting against BTC scams on YouTube
The Silicon Valley legend, Steve Wozniak, is suing YouTube and Google for allowing scammers to use their name and image in BTC gift scams.
These scams are very similar to those carried out by hackers who attacked Twitter last week, where they hijacked some of the largest accounts on the social network to promote fraudulent Bitcoin raffles.
Wozniak filed the lawsuit along with the other 17 alleged victims. They want the court to compel YouTube and the parent company to remove the videos and warn users about the scam, while seeking compensation and damages.
Bitcoin’s interest is at its lowest levels
According to data released from Google Trends, global interest in the term “Bitcoin” is now at its lowest level since December 2019.
Over the past seven months, price volatility has sparked an occasional outbreak of curiosity in Bitcoin, but these have simply set an overall downtrend..
As of July 20, interest remained firmly at the multi-month lows on Google’s normalized scale of 1 to 100. On the Google Trends scale, interest in Bitcoin has remained at 45.
In a few lines …
- Reggie Middleton, the CEO of the crypto company Veritaseum, is suing the telecommunications provider T Mobile for allegedly allowing $ 8.7 million worth of theft of cryptocurrencies in a series of SIM swap attacks.
- The World Stablecoin Association aims to unite major global stablecoin projects like Tether and USDC.
- The team of Ethereum 2.0 It has formalized the launch date of the first complete test network designed to simulate the conditions of the main network.