According to PlanB's Stock to Flow Cross Asset Model (S2FX), Bitcoin (BTC) is still undervalued by 35% as of now and the fair value of Bitcoin will climb further in the next month.
The S2FX model predicts a Bitcoin price of around 280k USD by end of 2024 at latest. What we saw in the last weeks is a lot of buying activity of institutions like Microstrategy, Square and Greyscale Bitcoin Trust driving the prices higher and higher.
My personal opinion is that this is still the beginning of the big Bitcoin pump in the upcoming month. More and more institution start buying bitcoin against a hedge against the endless printing of FIAT money. FOMO (Fear of Missing Out) is following.
Thank you. Any views on LTC or ETH for long term holding?
Tools-for-Trader
⋅
@newb333, As these assets are not scarce there is no model available for the evaluation of the fair value. In my opinion ETH could be seen a basket for the Defi coins. So if you are long Defi in the next month/years ETH could be a good opportunity. But then you will need to ask yourself: When will I sell and wenn is ETH overvalued?
tva30
⋅
Can you release this tv script for the cross asset s2f model?