Not too long ago, the author of the controversial bitcoin stock-to-flow (S2FX) price model said that the model was â€œperfectly on track.â€ On Sunday, November 8, the S2FX creator known as â€œPlan Bâ€ reiterated his belief in the model and told his Twitter followers that he has â€œno doubt whatsoeverâ€ that the S2FX trend is correct.
This weekend the stock-to-flow (S2FX) author dubbed â€œPlan Bâ€ tweeted about his model and how he still believes in the S2FX trend. Plan Bâ€™s popular editorial called â€œModeling Bitcoinâ€™s Value with Scarcityâ€ has caught the attention of the community for quite some time. The current trend suggests that if BTCâ€™s price follows the S2FX model it could be around $100k by December 2021.
Stock-to-flow, also known as S2F or S2FX for the most recent model, is a cryptocurrency technical analysis (TA) that leverages BTCâ€™s â€œstockâ€ and â€œflow.â€ â€œThe â€˜Stock-to-flowâ€™ is a number that shows how many years, at the current production rate, are required to achieve the current stock. The higher the number, the higher the price,â€ explains the live chart tracking website with the stock-to-flow model applied to BTCâ€™s current price.
During the first week of August, Plan B told his 148,000 Twitter followers that his model was â€œperfectly on track.â€ This past Sunday, Plan B doubled down on his words and told the crypto community that he has zero doubts about his model and he wholeheartedly believes in S2FX.
â€œPeople ask if I still believe in my model,â€ Plan B tweeted. â€œTo be clear: I have no doubt whatsoever that bitcoin S2FX is correct and bitcoin will tap $100K-288K before [December] 2021. In fact, I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular,â€ the analyst added.
Following Plan Bâ€™s statements, a person replied to his tweet and said: â€œWhat is your skin in the game? Youâ€™re anonymous. If your model fails you can just delete Twitter and disappear.â€ The anonymous analyst responded and said that his anonymity makes S2FX more appealing.
â€œYou donâ€™t seem to understand,â€ the S2FX author replied. â€œOne of the reasons for me to be anonymous is that I do not want you to trust me (based on my credentials), I want you to verify everything I say, and make your own conclusion. Also, I might go dark when my model succeeds, not fails. Few understand.â€
A few other Twitter users said that they loved Plan Bâ€™s confidence and thanked him for his contributions. Despite the fact that thereâ€™s a number of cryptocurrency proponents and analysts who donâ€™t believe in the S2FX model, a great number of enthusiasts think it will come to fruition.
â€œIf the history of Bitcoin repeats itself,â€ one fan tweeted. â€œBitcoin [will] overshoot and top at around $335k. â€“ in this perfect parallel channel. Hello FOMO. [Four] year period between tops. â€œTake profit at $335k/2 = $165k which is the target according to â€˜stock to flow model,â€™â€ the individual added.
What do you think about Plan Bâ€™s confidence in the S2FX model? Do you think it could align? Let us know what you think about this subject in the comments section below.
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