New Wall Street Bitcoin Report Finds Radical $100,000 Bitcoin Price Model Is ‘Worth Understanding’ – Forbes

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Bitcoin, after roaring to around $60,000 per bitcoin in March, has plateaued in recent weeks.

The bitcoin price has added almost 500% since its latest bull run began in October 2020, pushed on by bullish Wall Street banks and the likes of Tesla billionaire Elon Musk.

Now, the investment management arm of Wall Street giant BNY Mellon has called the controversial bitcoin stock-to-flow model that predicts bitcoin hitting $100,000 in July “worth understanding” in a new report.

MORE FROM FORBESJPMorgan Reveals ‘Big’ Bitcoin Price Prediction As Bitcoin And Crypto Market Surges Toward $2 Trillion

“The stock-to-flow ratio is one
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