Plan B: Believe that Bitcoin price will reach $135,000 in December

On October 31, 2021, cryptocurrency practitioners were all joking about “the time left for Plan B is running out.”

Because Bitcoin analyst Plan B accurately predicted the closing price of Bitcoin in August and September, he predicted that the closing price of Bitcoin in October will reach $63,000. But at the evening of October 31, 2021, the price of Bitcoin was still at $61,000.

In the early hours of this morning, Bitcoin closed in November, and the price of Bitcoin fell below $60,000. Plan B’s October forecast fell through.

But Plan B was not discouraged. On November 1st, it tweeted that Bitcoin closed at $61,000 in October, which is close to a new high. According to a 3% error estimate, the price of Bitcoin will reach $98,000 in November. It will reach $135,000 in December.

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Plan B is so confident. On the one hand, it is the scarcity brought about by Bitcoin’s own monetary policy. On the other hand, it is a reflection of the reality of the loose monetary policies of central banks, especially the Federal Reserve.

According to Bloomberg News, Silicon Valley’s top angel investor Peter Thiel said that the rise in the price of Bitcoin indicates that the current economic system is facing real inflation.

Thiel pointed out that price increases are not temporary, and the Fed has not solved the inflation problem, nor has it realized its seriousness. Thiel said: “I’m not sure if people should actively buy Bitcoin with a price of $60,000, but I can be sure that the high price of Bitcoin tells us that this is the moment of crisis.”

Thiel emphasized that the Fed is not even aware of this key issue and mistakenly believes that it can print money without causing inflation.

Thiel’s view coincides with the previous view of JPMorgan Chase in a report last month. JPMorgan Chase analysts believe that it is not only the enthusiasm of the first Bitcoin futures ETF in the United States that is driving the price of Bitcoin to record highs, but more It is the inflation factor.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/plan-b-believe-that-bitcoin-price-will-reach-135000-in-december/
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