Bitcoin Price Could Surge To $50,000 By Mid-2021: Here’s Why

News BTC | Jan 17, 2020 at 12:00 PM
  • Since Bitcoin (BTC) hit $20,000 for the first time in December 2017, analysts have been wondering when the cryptocurrency will break its next big price milestone next.
  • The model, dubbed the stock-to-flow model, equated Bitcoin’s scarcity, derived from the above-ground supply divided by the rolling issuance of the coin, to the asset’s market cap.
  • The model does not predict when the surge will occur.