The infamous Bitcoin analyst Plan B predicted the price of the asset will fall

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The infamous Bitcoin analyst Plan B predicted the price of the asset will fall

If the accuracy of the market movement predictions is something you want, then the infamous pseudonymous Bitcoins analyst Plan B should come to mind, as three out of four of his predictions met the target.

Four months ago, Plan B predicted that the value of Bitcoins would range from $47 k, $43 k, $98 k, and $135 k during the months of August, September, October, October, October, and December, using his stock-to-flow model.

The digital asset's value was well above its predicted price at the end of October, and he was surprised by his prediction for the first three months.

With many expecting an onward journey in the price ofBitcoin for the month of November, the volatile nature of the asset kicked in and led to a mass sell-off, leading to a rapid decline back to $50 k levels.

This massive drop in value resulted in the first missed Plan B prediction for the asset's value for the last 5 months of the year.

Plan B insists thatBitcoin will finish the year at $100 k.

Plan B said that Bitcoins have better risk-adjusted returns than all other assets despite his November prediction missing the mark. Plan B is an infamous Bitcoin analyst who is highly respected in the community. He created a pseudonymous Twitter page in October 2017 and has gained 1.5 million followers.