Sunday, January 17, 2021
  • Contact Us
  • Privacy Policy
FIND CRYPTO NEWS
Advertisement
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
No Result
View All Result
Home Bitcoin

Wall Street Isn’t Ready For What’s Next

August 18, 2020
in Bitcoin
4 min read
Wall Street Isn’t Ready For What’s Next
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

Bitcoin has 3 Days Before It Reaches Apex of Key Formation

Millions of Bitcoin are Being Sent to Dormant Accumulation Addresses

IMF Survey Overwhelmingly Supports Bitcoin As “Money”


Bitcoin price just set a new yearly high after pushing above $12,000 and may be gearing up for an explosive move higher. The first-ever cryptocurrency may be finally entering a new uptrend.

If this is the case, and the asset continues to follow the stock-to-flow model, Wall Street may be left in shock after having to adjust their chart settings to keep up with Bitcoin’s logarithmic growth.

Institutions Begin Looking Toward Bitcoin As A Hedge Against Inflation

Bitcoin is unlike any other financial asset before it. And while it shares several key similarities with gold, the cryptocurrency existing digitally offers extensive benefits above and beyond the shiny precious metal.

It has no physical footprint, and cannot be counterfeited or duplicated. It is easy to store, simple to move and is highly durable. Most importantly, it is controlled by no third-party or government, and only 21 million will BTC will ever exist.

Its limited, commodity-like supply makes it extremely rare compared to fiat money supply, and therefore an ideal store of value and hedge against inflation.

Wall Street is suddenly taking interest in the asset for this very reason, just as gold broke its all-time high and attracted the likes of Warren Buffett. Hedge fund manager Paul Tudor Jones cast the first stone by comparing Bitcoin with gold and claiming it will be the fastest “horse” in the “race against inflation.”

RELATED READING | BITCOIN BLASTS BACK ABOVE $12,000, SETS NEW HIGH FOR 2020

Others have taken notice. Recently, MicroStrategy, a Nasdaq-listed firm disclosed its purchase of 21,000 BTC – nearly a month worth of newly created BTC – to the SEC. Such a large bite taken out of the supply by just one firm demonstrates just how scarce Bitcoin is.

Several models have been created to attempt to predict the asset’s long-term value based on its scarcity alone. Of these models, Plan B’s stock-to-flow (S2F) model is the most popular and suggests that Bitcoin’s price will soon rise exponentially now that the halving has passed.

If Bitcoin price continues to rise and follow along the S2F model prediction, one analyst says that Wall Street will be so shocked, they may need to adjust their price charts.

I’m not sure Wall Street’s ready for what comes next if @100trillionUSD‘s S2F model continues to be valid.

Most market participants are accustomed to looking at things in linear terms…not log terms. pic.twitter.com/VZ30pc1X5J

— Preston Pysh (@PrestonPysh) August 17, 2020

S2F Model To Cause Wall Street Stock Market Chart Shock

Bitcoin expert Preston Pysh who often shares fundamental insight into the first-ever cryptocurrency, says that Wall Street may not be “ready for what comes next” if BTC continues to follow the S2F model.

The reason being, he says, is that “market participants are accustomed to looking at things in linear terms,” not the log terms that crypto analysts use for long-term BTC analysis.

BTCUSD Linear Versus Log Scale Comparison | Source: TradingView

Bitcoin as a technology has been growing along a logarithmic growth curve, depicting adoption in progress. Therefore, price action in the cryptocurrency is more often than not reflected in log charts, not linear charts like stocks, gold, and other assets.

RELATED READING | BITCOIN’S PRICE IS RISING, BUT DATA SHOWS NO ONE WANTS TO SELL

The above chart shows what BTCUSD looks like in both linear and log scale. Bitcoin’s entire early history is barely a blip on the linear chart. If the cryptocurrency continues along its path laid out from the SF2 model, the asset could some day reach prices of $100,000, to $400,000, and up.

bitcoin btcusd log linear

BTCUSD Linear Versus Log Scale Comparison | Source: TradingView

If you think that linear scale made the asset’s prior peaks at $1000 look tiny, wait until you see below what it does to even $20,000 when considering realistic upside targets for BTCUSD.

Even at just a glance, it’s clear to see why Wall Street might be shocked to see an asset that charges up a linear price chart so quickly. A simple click or two should do the trick and get their analysis sorted, however, not before initial shock sets in.

Featured image from Unsplash.


Credit: Source link

Previous Post

Ethereum Founder Vitalik Buterin slaughtered Samson Mow with Kindness and Professionalism

Next Post

Sydney Ifergan joins Bridge, the FIRST ever Public Oracle System on TRON Network

Related Posts

Gold Begins Breakdown Against Bitcoin, Triggering 90% Decline On Per Oz Basis
Bitcoin

Bitcoin has 3 Days Before It Reaches Apex of Key Formation

January 16, 2021
Bitcoin is About to Post the Highest Monthly Candle Close Ever as Bulls Roar
Bitcoin

Millions of Bitcoin are Being Sent to Dormant Accumulation Addresses

January 15, 2021
IMF Survey Overwhelmingly Supports Bitcoin As “Money”
Bitcoin

IMF Survey Overwhelmingly Supports Bitcoin As “Money”

January 15, 2021
Bitcoin Indicator That Signaled 10x Rally in 2017 Flashes Again
Bitcoin

Bitcoin is Nearing Key Resistance as Market Posts Massive Rebound

January 14, 2021
S2F Creator: Bitcoin Has Yet To Reach “Point of No Return”
Bitcoin

S2F Creator: Bitcoin Has Yet To Reach “Point of No Return”

January 14, 2021
Next Post
Sydney Ifergan joins Bridge, the FIRST ever Public Oracle System on TRON Network

Sydney Ifergan joins Bridge, the FIRST ever Public Oracle System on TRON Network

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ampleforth Protocol Stable Contracts with AMPL Cryptocurrency has Varying Token Supply Daily

Ampleforth Protocol Stable Contracts with AMPL Cryptocurrency has Varying Token Supply Daily

January 11, 2021
Bitcoin Faces Pivotal Monthly Close, Ready To Ride Past ATH

Bitcoin Faces Pivotal Monthly Close, Ready To Ride Past ATH

November 30, 2020

Don't miss it

TRON (TRX) has Better Blockchain Technology with Market Cap of $2.28 Can Compete with PayPal
Crypto News

TRON (TRX) has Better Blockchain Technology with Market Cap of $2.28 Can Compete with PayPal

January 17, 2021
YouTuber Ali Spagnola Accidentally Turned $50 in Bitcoin Into $39,000
Regulation

YouTuber Ali Spagnola Accidentally Turned $50 in Bitcoin Into $39,000

January 17, 2021
Bitwise’s Crypto Index Fund Liquidates XRP Position After SEC Sues Ripple
Regulation

Ripple Opens New Remittance Corridor Between Malaysia and Bangladesh

January 17, 2021
Gold Begins Breakdown Against Bitcoin, Triggering 90% Decline On Per Oz Basis
Bitcoin

Bitcoin has 3 Days Before It Reaches Apex of Key Formation

January 16, 2021
Ripple (XRP) Offering What Stable Coins are not able to Offer
Crypto News

Ripple (XRP) Offering What Stable Coins are not able to Offer

January 16, 2021
Ripple CTO Talks About His Experience With the First ‘Bitcoin Casino’
Regulation

Ripple CTO Talks About His Experience With the First ‘Bitcoin Casino’

January 16, 2021
FindCryptoNews.com

FindCryptoNews is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

Recent News

TRON (TRX) has Better Blockchain Technology with Market Cap of $2.28 Can Compete with PayPal

TRON (TRX) has Better Blockchain Technology with Market Cap of $2.28 Can Compete with PayPal

January 17, 2021
YouTuber Ali Spagnola Accidentally Turned $50 in Bitcoin Into $39,000

YouTuber Ali Spagnola Accidentally Turned $50 in Bitcoin Into $39,000

January 17, 2021

Subscribe Now

Loading

© 2020 FindCryptoNews.com - All rights reserved!

No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading

© 2020 FindCryptoNews.com - All rights reserved!

  • bitcoinBitcoin(BTC)$34,544.00-7.51%
  • ethereumEthereum(ETH)$1,186.98-2.09%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$0.271534-4.49%
  • cardanoCardano(ADA)$0.36281611.03%
  • litecoinLitecoin(LTC)$138.10-5.26%
  • bitcoin-cashBitcoin Cash(BCH)$467.75-5.36%
  • stellarStellar(XLM)$0.2955691.70%
  • moneroMonero(XMR)$152.34-4.70%
  • eosEOS(EOS)$2.71-3.79%
  • tronTRON(TRX)$0.029468-4.04%
  • nemNEM(XEM)$0.216821-0.66%
  • neoNEO(NEO)$22.65-6.27%
  • dashDash(DASH)$121.54-3.92%
  • iotaIOTA(MIOTA)$0.404796-8.66%
  • ethereum-classicEthereum Classic(ETC)$7.47-3.55%