As Bitcoin surprisingly launched tremendous uptrend in the market in the last few days, users of crypto from around the world continue to show optimism.
In this regard, a renowned international Bitcoin and blockchain educator, Ivan Liljeqvist of Ivan on Tech, has suggested that Bitcoin is gearing up for a massive run that would take it to $20,000 market value.
Ivan who received an HTML book gift from his mathematician mom at the age of nine said the leading digital asset is on a bullish run that will take it to its previous all-time high. He further thought about the possibility of Bitcoin reaching this level before halving.
Bitcoin is gearing up for a massive run up to the $20,000 level…
Can we snap there before the halving?
— Ivan on Tech (@IvanOnTech) May 2, 2020
Ivan Compares Bezos Wealth with Bitcoin Market Cap
In another tweet, the Crypto YouTuber with over 200K subscribers said Bitcoin’s sojourn to $20,000 is inevitable.
Ivan said if Bitcoin is able to reach this point, its market capitalization would still be below $400 billion, much bigger than world richest man Jeff Bezos’ worth.
For the sake of comparison, Ivan explained that only Bezos is worth above $100 billion.
$20,000 Bitcoin is inevitable…
At that price, we would still be below $400 billion market cap.
Which is tiny…
Sooooo TINYThank god we are so early here!!
(For comparison – Bezos alone is worth above $100B) pic.twitter.com/nvkWikLbWd
— Ivan on Tech (@IvanOnTech) May 2, 2020
Bitcoin will be More Scarce than Gold – Stock-to-Flow Model
The stock-to-flow model specialist, Bitcoin analyst Plan B, has issued series of statements on the performance of Bitcoin in the market, after predicting that Bitcoin would rise above $288K in his third incarnation of the stock-to-flow (S2F) model.
While we expect the imminent halving which would reduce the supply of Bitcoin in circulation, the respected Bitcoin analyst said based on Stock-to-Flow Ratio, Bitcoin would be more scarce than Gold in the future.
During a YouTube podcast with Peter McCormack, the analyst said Bitcoin is heading for its fourth major phase. As Bitcoin evolve over the years, Plan B said the first phase was like a toy. However, he said now, Bitcoin is ‘not a toy anymore.’
“This thing [#bitcoin] is not a toy anymore, and it’s maybe not an asset anymore as well. It is going to be much bigger than that.”
PlanB + @PeterMcCormack podcast on Youtube:https://t.co/kHH9JzyM7w
— PlanB (@100trillionUSD) May 2, 2020
