Time to Buy Bitcoin is NOW, Says Crypto Analyst Plan B
In a recent interview with Blockware Intelligence, crypto analyst Plan B, known for his stock-to-flow (S2F) model, says that all Bitcoin metrics are pointing to a bullish scenario playing out in the coming months.
Speaking with host Will Clemente and co-guest on the show, Willy Woo, the analyst said:
“At the risk of being called a moonboy, all the signals, whether you look fundamentally, like stock-to-flow [S2F] for example or on-chain, realized cap or other metrics, or in the news, the macro news, the number of countries that are opening up to Bitcoin. Everything is positive.”
While there always remains uncertainty in the markets with the possibility of large sudden events coming into play, Plan B admits to be closely following Bitcoin futures premiums, which when they rise he says, indicate the start of a new rally:
“Of course, there can be a black swan. Of course, something can happen that we haven’t seen in the past or that is a real black swan, but volatility is low, the futures premium is low.
I watch that like a hawk. If that will go up again – if the leverage will enter the market again.”
Confident about his model and all information on hand, Plan B believes that it is currently an excellent opportunity for people to accumulate the top cryptocurrency:
“The dormant coins, the people in profit, the people in loss, I can’t imagine unless a black swan, any other scenario that this is one of the best buying opportunities that we have seen in the entire history of Bitcoin.
It’s compatible to the beginning of 2016, 2011, 2013, or 2012 even. The beginning of the bull run.
I know that sounds like moonboy stuff, but that’s how I look at it.”
At time of writing, Bitcoin is trading at $41,490 according to CoinMarketCap.
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