The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Can Bitcoin (BTC) Really Hit $1 Million? Meltem Demirors Warns BTC Halving May Have Zero Impact

by Daily Hodl Staff
December 25, 2019
in Bitcoin

An increasing number of crypto influencers are sizing up the stock-to-flow ratio.

The metric, which is used to forecast the future price of commodities based on their supply, went viral in 2019. Analysts such as PlanB say it shows the impact of Bitcoin’s halvings, which cut the amount of new supply entering the market every four years.

PlanB, specifically, says the model indicates BTC will hit $1 million in the next decade, and reach $50,000 to $100,000 by December of 2021.

Meltem Demirors, the chief strategy officer at the digital asset manager CoinShares, is the latest to tackle the notion that Bitcoin will behave as it has in the past and rise dramatically after its next halving, which is set to happen in May of 2020.

She says the emergence of Bitcoin and crypto derivatives could change the trajectory of the leading cryptocurrency and make the impact of this next halving significantly different.

“There is a very real possibility the price of Bitcoin does not go up after halving. For the first time, there is a robust derivatives (futures, options) market for Bitcoin. Most firms looking to speculate on Bitcoin will trade a derivative, not the underlying.

A topic that’s been studied in other commodities markets is how pricing is set. Bitcoin is, arguably, a digital commodity. Normally, producers set the price of a commodity (classic S = D = P from Econ 101) when derivatives take off, producers lose the right to set prices…

The more Bitcoin becomes an investable asset, the more its price becomes decoupled from its value and its supply and demand. It becomes yet another backwater in the great game of global speculation. It becomes ‘financialized.’ It becomes correlated to macro markets.

Today, the Bitcoin derivatives market is still small. But the market will grow quickly. will be interesting to watch. Derivatives on Bitcoin are an oxymoron. But they’re the fastest growing part of the market.”

Bloomberg Markets editor Joe Weisenthal is also skeptical of stock-to-flow predictions. In a recent newsletter, he argues that Bitcoin’s fixed supply is well-known and already priced in.

Bitcoin has only had two halvings in its history, so there is a limited set of data to judge their impact on the price of BTC. But at the end of the day, PlanB says the model is simple math.

“Stock-to-flow model predicts the long term trend, and greed and fear cause the actual Bitcoin price to dance around this trend.”

https://twitter.com/100trillionUSD/status/1209531474090835975

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • The World’s First International Crypto Trading Cup Kicks Off Live
    May 9, 2025
  • New Purpose-Built Blockchain T-Rex Raises $17 Million To Transform Attention Layer in Web 3.0
    May 8, 2025
  • Flipster Makes Esports Debut As Official Crypto Exchange Partner of TALON’s Dota Two Team, Powering a New Era of Fan Engagement
    May 7, 2025
  • Bybit Bounces Back – Kaiko Validates Fast Liquidity Recovery Post $1.5 Billion Hack
    May 7, 2025
  • ProMeet Unveils the Promeeters Program To Boost Influencer Impact and Long-Term Earnings
    May 6, 2025
  • DogeOS Raises $6.9 Million in Funding Round Led by Polychain Capital To Launch Dogecoin App Layer
    May 6, 2025
  • Casper 2.0 Goes Live on Mainnet, Positioning Casper Network for the Real-World Asset Era
    May 6, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,555.75
$103,555.75
0.5%
Ethereum
$2,376.73
$2,376.73
0.92%
BNB
$658.56
$658.56
3.73%
Solana
$171.65
$171.65
2.8%
XRP
$2.38
$2.38
0.35%

Spotlight

  • Analytics Firm Issues Bitcoin Alert, Says BTC Approaching Area of Heavy Sell-Side Pressure – Here Are the Targets
    May 3, 2025
  • ‘Good Things Are Ahead’: InvestAnswers Says Bitcoin Bull Run Not Over, Unveils BTC Targets Over Coming Weeks
    May 3, 2025
  • 30,000 Bank Passwords From One Country Leaked Onto Dark Web Amid Global Malware Onslaught: Report
    May 3, 2025
  • Trader Says Bitcoin Looking ‘Really Good,’ Predicts More Upside Amid Two Bullish Signals – But There’s a Catch
    May 3, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl