Cathie Wood: Bitcoin Will Reach $400,000 if this Happens... | Plan-B S2F Model New Update!

Hey, what's up guys as bitcoin supply decreases, demand increases and therefore price goes up in this video. We'll. Take a look at this updated model by plan b that predicts $ 500,000 per bitcoin before 2024, then cathie wood will explain why she's, so bullish on bitcoin.

Let's, start with the coin market cap and check cryptocurrency market. As of the time of this, recording bitcoin is slightly below 52 000 per coin near its all-time high bitcoin's. Market cap is at 966 billion dollars.

We are very close to reach that psychological level of 1 trillion market cap. I really hope you're, not like dave portnoy, who sold his entire bitcoin and now kicking himself in the butt. With regrets.

Bitcoin's. The only thing that doesn't go down. 51 000. bitcoins are [ __ ], 51 000.. Is that 11 000 in august jesus christ. I'm, never buying bitcoin. Never never. Never! I don't believe a thing about it, but i do think it's profitable and i think there's enough steam that it may just continue to all go up forever.

But i don't buy the the underlying like junk behind it. I know it makes money. I know the bubbly gangs behind it and i know everyone else is bubbly yang. Ask congratulations to them. They're. They're driving ferraris and buying houses from underneath me, but nope not doing it.

Ethereum just reached an all-time high. Today's trading slightly about one thousand nine hundred dollars per coin. We are very close to hit the two thousand dollars level ethereum's. Current market cap is at close to 220 billion dollars.

I remember this was a bitcoin market cap exactly one year ago, jesus what happened to binance it's up by 36 for the past 24 hours. It literally had the most aggressive leg up out of the old top cryptos.

It's. Even surpassed cardano and took fourth place as the most valuable cryptocurrency cardano got moved back to fifth place, but it's very close to reach that one dollar milestone. Xrp takes seventh place.

I'm, not going to be surprised. If xrp will be pushed out from the top 10 cryptocurrencies in the next few weeks, this has been achieved. Checking bitcoin price this morning, poor guy, i feel bad for him.

He has been on the wrong side of his entire investment career here's. Another pro fella he had 1700 bitcoin sold him at 30 cents back in 2011 and he regrets because at that time of the post btc rose to eight dollars, but guess what now bitcoin is fifty thousand dollars.

This is what happens when you have short-term vision. You will not become rich if you have no temperament and no long-term view. If you would cap those 1700 bitcoin now it'd, be worth 85 million dollars, but instead he can only share the sad story with his friends: okay, okay, let's, move on to the present.

Let's start with this school chart. This chart represents base money, global production rate since 1970s. This is precisely when us dollar went off gold. Standard gold has been inflating by 1.78 per year for the past 50 years.

If the base supply inflates by two percent, it means that the total supply doubles every 36 years or so if, in 1990s, the total gold supply was at 100 000 tons. Since then, it doubled now it's more than 200 000 tons.

According to this chart, silvia annual inflation rate is at 1.46 percent even less than gold. I don't think this is correct: silver inflates at higher rate than gold. This is for a fact. U.S dollar has been inflating at nine percent annually.

For the past 50 years, this is staggering. It means that the cost of capital is at nine percent annually. In other words, you lose nine percent of your purchasing power every year when you hold that dollar, the total global fiat inflates at even higher rate at 13.

If you think u.s dollar is bad, then i can only imagine what happens to the countries such as russia, hungary, zimbabwe and venezuela. Wait. Bitcoin has been inflating at 65 for the past five years. Well, the reason why this is so is because the first three years before 2012 bitcoin gaming bitcoin was inflating in triple digits annually, since there was no bitcoin in circulation, it had to be done, but, as time goes on, the bitcoin inflation rate rapidly decreases the bitcoin Supply inflation was beautifully designed by satoshi nakamoto.

He could not design it any better. So from now, until 2041, bitcoin will inflate at only 10 basis points on average annually. Overall, if we create a bitcoin supply distribution chart, the distribution curve would be very skewed towards the left side of the tail, since most of the bitcoins were created in the first few years.

Now let's. Take a look at the updated cross asset. Chart from plan b on the x axis, we have stock to flow ratio and on the y axis we have market price respectively. Stack to flow is basically an inverse of the annual inflation rate.

For example, we were talking about gold at two percent annual inflation rate. The inverse of two percent that would be 50, which means gold stock to flow, is at around 50.. We also have silver here. According to this chart, silver stock to flow is at 33, which means annual inflation rate is at around 3 percent, so it's, definitely higher than gold, as we can see from this chart in scarce assets.

The higher the stocks of flow, the higher the price will be in early days, bitcoin's, tax flow was very low and therefore the price was very low respectively. After the first bitcoin, having that took place in 2012 structure, flock increased still 12.

5 and price increased still around 1 billion dollars of market capitalization after the second bitcoin having that took place in 2016 stock to flow doubled once again till 25 and a bitcoin price increased.

Still 100 billion dollars of market cap that's a 100x after the most recent bitcoin having that took place on may 2020 stock to flow increased once again till 50 and of course bitcoin price is at near 1 trillion.

According to this chart in plan b, we should expect 10 trillion dollars at market cap and surpass gold if it will surpass gold that would be 100 x, which should take place sometime before 2024. That would put a single bitcoin at hundred thousand dollars.

That's a 10x from the current price. I think 10x is definitely possible in the next three years. Now let's. Take a look at the cathy wood, what she has to say about bitcoin in her most recent interview, let's.

Take a look! Okay and uh. Bitcoin is on everybody's. Mind right now. Your next gen internet fund has a very large position in the grayscale bitcoin trust uh. So your thoughts on this, your thoughts on bitcoin, a bitcoin etf for 2021 - is it coming, and you have any concerns that the grayscale closed-end fund still trading at a pretty significant uh premium.

Well, the premiums come down quite a bit. I think now that we know uh that the next sec, commissioner, is going to be david, gensler uh. I, who spent the last few years at mit uh teaching a class about blockchain technology bitcoin.

I think he understands the technology uh and he understands the currency itself. Uh, so i think the probability of an etf uh has gone up uh. We also know that the director of research uh for crypto in the crypto space at the sec has been promoted and will be reporting directly uh to gensler uh.

So again, i think we have uh individuals now uh involved, who really understand the space and uh. I think the likelihood has gone up. What has surprised us. We expected institutional interest to pick up this year, and it certainly has, but the way in which it's picked up, has surprised us uh.

I don't think we ever thought there would be broad-based, uh substitution of bitcoin for cash. On corporate balance sheets uh, so we find that very interesting uh. If all corporations in the united states were to put uh, i think it's.

Yes, ten percent of their cash into bitcoin. That alone would add uh 200 000 to the bitcoin price. Uh now we obviously do not believe this is going to happen uh very quickly, uh, we are. We're, talking about maybe the equivalent of 900 billion dollar market cap equivalent for for bitcoin that's, that's less than half the price of uh.

You know the apples and amazons of the world, so you know this has to mature a little bit before broad-based adoption can take place, but we're very reassured that companies like square and tesla have chosen to allocate they're on The right side of change when it comes to innovation and therefore we think it's, wise that they uh diversify some of their cash, and i think the biggest surprise to many uh tesla doubters is that it is now in a position where it Has that much cash uh that it is diversifying ketty wood is very intelligent and bullish on the future of bitcoin.

I would just like to make a small correction. Kathy wood said. If s p, 500 corporations would put 10 percent in bitcoin as a treasury reserve asset on their balance sheet. That would add additional 200 000 to the current bitcoin price.

In fact, 10 would add additional 400 000 to the bitcoin price. One percent would add additional. Fifty thousand dollars to the bitcoin price, i think ten percent of the balance sheet of cash substitute for bitcoin is coming soon.

It's, not going to happen overnight, but over a longer time frame. Let me know what do you guys think about the current bitcoin price and where is going to be in the near future? Leave your thoughts in the comment section below smash that like button and subscribe for more videos, hey what's up guys as bitcoin supply decreases, demand increases and therefore price goes up in this video.

We'll. Take a look at this! Updated model by plan b that predicts 500 000 per bitcoin before 2024, then cathy wood will explain why she's, so bullish on bitcoin. Let's, start with the coin market cap and check cryptocurrency market.

As of the time of this, recording bitcoin is slightly below 52 000 per coin near its all-time high bitcoin's. Market cap is at 966 billion dollars. We are very close to reach that psychological level of 1 trillion market cap.

I really hope you're, not like dave portnoy, who sold his entire bitcoin and now kicking himself in the butt. With regrets. Bitcoin's. The only thing that doesn't go down. 51 000. bitcoins are [ __ ], 51 000.

. Is that 11 000 in august jesus christ. I'm, never buying bitcoin. Never never. Never! I don't believe a thing about it, but i do think it's profitable and i think there's enough steam that it may just continue to all go up forever.

But i don't buy the the underlying like junk behind it. I know it makes money. I know the bubbly gangs behind it and i know everyone else is bubbly yang. Ask congratulations to them. They're. They're driving ferraris and buying houses from underneath me, but nope not doing it.

Ethereum just reached an all-time high. Today's trading slightly about one thousand nine hundred dollars per coin. We are very close to hit the two thousand dollars level ethereum's. Current market cap is at close to 220 billion dollars.

I remember this was a bitcoin market cap exactly one year ago, jesus what happened to binance it's up by 36 for the past 24 hours. It literally had the most aggressive leg up out of the old top cryptos.

It's. Even surpassed cardano and took fourth place as the most valuable cryptocurrency cardano got moved back to fifth place, but it's very close to reach that one dollar milestone. Xrp takes seventh place.

I'm, not going to be surprised. If xrp will be pushed out from the top 10 cryptocurrencies in the next few weeks, this has been achieved. Checking bitcoin price this morning, poor guy, i feel bad for him.

He has been on the wrong side of his entire investment career here's. Another pro fella he had 1700 bitcoin sold him at 30 cents back in 2011 and he regrets because at that time of the post btc rose to eight dollars, but guess what now bitcoin is fifty thousand dollars.

This is what happens when you have short-term vision. You will not become rich if you have no temperament and no long-term view. If you would cap those 1700 bitcoin now it'd, be worth 85 million dollars, but instead he can only share the sad story with his friends: okay, okay, let's, move on to the present.

Let's start with this school chart. This chart represents base money, global production rate since 1970s. This is precisely when us dollar went off gold. Standard gold has been inflating by 1.78 per year for the past 50 years.

If the base supply inflates by two percent, it means that the total supply doubles every 36 years or so if, in 1990s, the total gold supply was at 100 000 tons. Since then, it doubled now it's more than 200 000 tons.

According to this chart, silvia annual inflation rate is at 1.46 percent even less than gold. I don't think this is correct: silver inflates at higher rate than gold. This is for a fact. U.S dollar has been inflating at nine percent annually.

For the past 50 years, this is staggering. It means that the cost of capital is at nine percent annually. In other words, you lose nine percent of your purchasing power every year when you hold that dollar, the total global fiat inflates at even higher rate at 13.

If you think u.s dollar is bad, then i can only imagine what happens to the countries such as russia, hungary, zimbabwe and venezuela. Wait. Bitcoin has been inflating at 65 for the past five years. Well, the reason why this is so is because the first three years before 2012 bitcoin gaming bitcoin was inflating in triple digits annually, since there was no bitcoin in circulation, it had to be done, but, as time goes on, the bitcoin inflation rate rapidly decreases the bitcoin Supply inflation was beautifully designed by satoshi nakamoto.

He could not design it any better. So from now, until 2041, bitcoin will inflate at only 10 basis points on average annually. Overall, if we create a bitcoin supply distribution chart, the distribution curve would be very skewed towards the left side of the tail, since most of the bitcoins were created in the first few years.

Now let's. Take a look at the updated cross asset. Chart from plan b on the x axis, we have stock to flow ratio and on the y axis we have market price respectively. Stack to flow is basically an inverse of the annual inflation rate.

For example, we were talking about gold at two percent annual inflation rate. The inverse of two percent that would be 50, which means gold stock to flow, is at around 50.. We also have silver here. According to this chart, silver stock to flow is at 33, which means annual inflation rate is at around 3 percent, so it's, definitely higher than gold, as we can see from this chart in scarce assets.

The higher the stocks of flow, the higher the price will be in early days, bitcoin's, tax flow was very low and therefore the price was very low respectively. After the first bitcoin, having that took place in 2012 structure, flock increased still 12.

5 and price increased still around 1 billion dollars of market capitalization after the second bitcoin having that took place in 2016 stock to flow doubled once again till 25 and a bitcoin price increased.

Still 100 billion dollars of market cap that's a 100x after the most recent bitcoin having that took place on may 2020 stock to flow increased once again till 50 and of course bitcoin price is at near 1 trillion.

According to this chart in plan b, we should expect 10 trillion dollars at market cap and surpass gold if it will surpass gold that would be 100 x, which should take place sometime before 2024. That would put a single bitcoin at hundred thousand dollars.

That's a 10x from the current price. I think 10x is definitely possible in the next three years. Now let's. Take a look at the cathy wood, what she has to say about bitcoin in her most recent interview, let's.

Take a look! Okay and uh. Bitcoin is on everybody's. Mind right now. Your next gen internet fund has a very large position in the grayscale bitcoin trust uh. So your thoughts on this, your thoughts on bitcoin, a bitcoin etf for 2021 - is it coming, and you have any concerns that the grayscale closed-end fund still trading at a pretty significant uh premium.

Well, the premiums come down quite a bit. I think now that we know uh that the next sec, commissioner, is going to be david, gensler uh. I, who spent the last few years at mit uh teaching a class about blockchain technology bitcoin.

I think he understands the technology uh and he understands the currency itself. Uh, so i think the probability of an etf uh has gone up uh. We also know that the director of research uh for crypto in the crypto space at the sec has been promoted and will be reporting directly uh to gensler uh.

So again, i think we have uh individuals now uh involved, who really understand the space and uh. I think the likelihood has gone up. What has surprised us. We expected institutional interest to pick up this year, and it certainly has, but the way in which it's picked up, has surprised us uh.

I don't think we ever thought there would be broad-based, uh substitution of bitcoin for cash. On corporate balance sheets uh, so we find that very interesting uh. If all corporations in the united states were to put uh, i think it's.

Yes, ten percent of their cash into bitcoin. That alone would add uh 200 000 to the bitcoin price. Uh now we obviously do not believe this is going to happen uh very quickly, uh, we are. We're, talking about maybe the equivalent of 900 billion dollar market cap equivalent for for bitcoin that's, that's less than half the price of uh.

You know the apples and amazons of the world, so you know this has to mature a little bit before broad-based adoption can take place, but we're very reassured that companies like square and tesla have chosen to allocate they're on The right side of change when it comes to innovation and therefore we think it's, wise that they uh diversify some of their cash, and i think the biggest surprise to many uh tesla doubters is that it is now in a position where it Has that much cash uh that it is diversifying ketty wood is very intelligent and bullish on the future of bitcoin.

I would just like to make a small correction. Kathy wood said. If s p, 500 corporations would put 10 percent in bitcoin as a treasury reserve asset on their balance sheet. That would add additional 200 000 to the current bitcoin price.

In fact, 10 would add additional 400 000 to the bitcoin price. One percent would add additional. Fifty thousand dollars to the bitcoin price, i think ten percent of the balance sheet of cash substitute for bitcoin is coming soon.

It's, not going to happen overnight, but over a longer time frame. Let me know what do you guys think about the current bitcoin price and where is going to be in the near future? Leave your thoughts in the comment section below smash that like button and subscribe for more videos,