Institutional investor and creator of the Bitcoin (BTC) Stock-to-Flow mode PlanB has offered bullish prospects for Bitcoin, saying in a tweet posted on September 14 that it was time for the price to go up.

• The tweet was accompanied by a Stock-to-Flow model chart which showed an imminent price jump of an order of magnitude higher
• PlanB’s S2F model is one of the most cited Bitcoin price models and has been known for its accuracy
• PlanB has said that Bitcoin is on track to reach $288,000 by 2024, and that the market is currently similar to what it was in 2016
• In a follow-up tweet, PlanB said that the bull run could either be a large move like that of 2013 or a gradual increase like that of 2016
• PlanB also suggests that the new all-time high could occur within 18 months
• When asked from where the new money would come from, the investor responded “silver, gold, countries with negative interest rates [..], countries with predatory governments [..], billionaires and millionaires hedging against quantitative easing (QE), and institutional investors”