Plan B, the inventor of the infamous stock-to-flow (S2F) model, recently detailed that the price of Bitcoin exceeded the price of the S2F model by 26%. The strong momentum has a number of crypto enthusiasts thinking that Bitcoin prices that range from $ 100,000 to $ 288,000 by the end of the year are possible.
Bitcoin price 26% higher than the S2F trajectory
Plan B’s stock-to-flow model, also known as (S2F or S2FX), is a popular chart that measures the number of BTC (inventory) in circulation and the number of coins issued during mining (Flow) couples.
For many crypto enthusiasts, the S2F model has been pretty consistent so far, following the mapped trajectory that Plan B and others have estimated. In November 2020, the S2F developer doubled in size and announced to the public that there was “no doubt” in his head that his S2F model was “correct”.
Plan B shared a chart on Wednesday showing that its S2F model has been spot on since creating the S2F model in March 2019.
At the time, Plan B said that it predicts that the price of BTC will “previously tap into $ 100,000 to $ 288,000 [December] In fact, I have new data to confirm that the supply shortage is real, ”he added. On March 1, 2021, Plan B revealed that the S2F model was still working and the price of BTC was actually 26% above the model’s predicted trajectory.
“New orange dot,” tweeted Plan B. “February closing $ 45,240 (Jan was $ 33,141 and current price is $ 46,500) … like clockwork.” Two days later, Plan B wrote that the prediction has been on point since the model was designed in 2019.
He said:
The Bitcoin S2F model was released in March 2019. The model’s out-of-sample performance (on new data after February 2019) was spot on.
In another tweet on Wednesday, Plan B criticized the S&P 500. “My most hated chart about Bitcoin,” he said, sharing a chart with technical correlation analysis. “S&P 500 Correlation … S&P $ 4K and BTC $ 100K soon?” Plan B asked.
Plan B’s poll of more than 53,000 votes shows that 37.3% believe that $ 100,000 bitcoin prices are coming, 33.1% believe that $ 288,000 is possible
On February 26th, the S2F author also conducted a poll on Twitter and the poll received 53,860 votes. Plan B’s Twitter poll asked, “Do you think Bitcoin will hit $ 500,000, $ 288,000 (S2FX model), or $ 100,000 (S2Fv2 model) before December 2021. Or will BTC stay below $ 100,000? “
The survey found that 37.3% or the majority of respondents believe that BTC will hit $ 100,000. A touch less 33.1% believe that USD 288,000 BTC prices are actually possible. 18.9% of the vote say BTC will stay below the $ 100,000 handle and 10.7% agreed that BTC could reach $ 500,000 per unit.
Over the past week, some Bitcoiners have also complimented Plan B on its S2F predictions, which appear to be coming to fruition. “Stocks flow, pretty amazing to see how they play out,” said one trader, calling Plan B a legend. While there are many S2F naysayers who have criticized Plan B’s stock-to-flow model in the past, S2F haters have been quieter in the past few days.
Despite the critics, Plan B seems extremely confident about its forecast and the S2F model, as it noted on February 20, 2021, that the price of BTC has reached its target of $ 55,000 that it forecast in March 2019.
“$ 55,000 feels very natural and even low now, but in early 2019 people were laughing at it [CNBC’s Joe Kernen] for the mere mention of the $ 55,000 BTC option, “Plan B tweeted that day. The inventor of the S2F model also mentioned that the Wall Street Journal also noted that the S2F model of Plan B was on the right track when it completed the $ 55,000 zone last month.
News.Bitcoin.com readers interested in watching the live version of the S2F model can follow the trajectory Here.
What do you think of Plan B’s S2F chart and the possibility of prices between $ 100,000 and $ 288,000 in 2021? Let us know what you think on this matter in the comments section below.
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$ 100,000, $ 288,000, Bitcoin, BTC, BTC Prices, Critic, Cryptocurrency, Demand, Fiat, Gold, Market Update, Model, Bitcoin Value Modeling, Plan B, Pricing Model, Report, S2F, S2F Model, Shortage, Stocks -flow, warehouse-to-flow ratio, trader
Photo credit: Shutterstock, Pixabay, Wiki Commons, Plan B Twitter, Stock-to-Flow, Twitter,
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