PlanB, the author of the widely quoted Bitcoin (BTC) value charts, has described the exciting times ahead for the asset.

“It’s been four months since the cut was halved, and this is going to be a lot of fun,” anonymous Twitter analyst Plan B told Peter McCormack on September 4.

The PlanB-to-flow model, or S2F, tracks Bitcoin’s price activity in two according to the events and detected price increases after such events based on the low inflation of Bitcoin due to mining. The model predicts that the bitcoin price will hit about $ 288,000 per coin when the next halving comes.

Although PlanB has stated that it is linked to the S2F data, the personal view of the asset remains very optimistic. “This is a decision, a precautionary measure against all this insane deterioration and quantitative easing,” he said, referring to inflation and the current monetary measures that governments around the world are taking in response to the problems caused by COVID-19. pandemic.

PlanB also described high demand for the asset among the top players. The analyst mentioned that the company’s customers, who are large listed companies, have recently shown interest in Bitcoin.

“We are now seeing withdrawals from customers, people going to Fidelity, and all the major players asking for bitcoins for the pension fund.”
Bitcoin has generated significant interest from large institutional participants who want to enter the industry after the economic turmoil caused by the COVID-19 pandemic. However, some parties, such as gold expert Peter Schiff, are steadfast against BTC.

Source: CoinTelegraph