The creator of the notorious stock-to-flow model (S2F), Plan B has recently detailed that the price of bitcoin has surpassed the S2F model price by 26%. The strong momentum has a number of crypto enthusiasts thinking that bitcoin prices reaching the $100k to $288k range by the yearâ€™s end is possible.
Price of Bitcoin 26% Higher Than S2F Trajectory
Plan Bâ€™s stock-to-flow model otherwise known as (S2F or S2FX) is a popular chart that measures the existing number of BTC in circulation (stock) and pairs it against the number of issued coins minted during mining (flow).
To many crypto enthusiasts, the S2F model so far has been fairly consistent and following along the mapped trajectory Plan B and others have estimated. In November 2020, the S2F creator doubled down and told the public that there was â€œno doubt whatsoeverâ€ in his mind that his S2F model was â€œcorrect.â€
At the time, Plan B said that he predicts the price of BTC will â€œtap $100K-288K before [December] 2021. In fact, I have new data that confirms the supply shortage is real,â€ 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 modelâ€™s predicted trajectory.
â€œNew orange dot,â€ Plan B tweeted. â€œFeb close $45,240 (Jan was $33,141 and current price is $46,500)â€¦ like clockwork.â€ Two days later, Plan B wrote that ever since he drafted the model back in 2019 the prediction has been on point.
In another tweet on Wednesday, Plan B criticized the S&P 500. â€œMy most hated chart about bitcoin,â€ he said, sharing a correlation technical analysis chart. â€œS&P 500 correlationâ€¦ S&P $4K and BTC $100K soon?â€ Plan B asked.
Plan Bâ€™s Poll With 53,000+ Votes Shows 37.3% Believe $100k Bitcoin Prices Are Coming, 33.1% Think That $288k Prices Are Possible
On February 26, the S2F author also held a poll on Twitter and the survey received 53,860 votes. Plan Bâ€™s Twitter survey poll asked: â€œDo you think bitcoin will reach $500K, $288K (S2FX model) or $100K (S2Fv2 model) before December 2021 .. or will BTC stay below $100K?â€
The poll had shown that 37.3% or the majority of participants think BTC will reach $100k. A touch less 33.1% thinks that $288k BTC prices are actually possible. 18.9% of the votes say that BTC will remain under the $100k handle and 10.7% voted BTC could reach $500k per unit.
During the last week, a number of bitcoiners have also been congratulating Plan B for his S2F predictions seemingly coming to fruition. â€œStock to flow, quite incredible to see it play out,â€ one trader said and called Plan B a legend. Although, thereâ€™s plenty of S2F naysayers who have criticized Plan Bâ€™s stock-to-flow model in the past, but in more recent days S2F haters have been quieter.
Despite the critics, Plan B still seems extremely confident about his prediction and the S2F model as he noted on February 20, 2021, that the price of BTC reached the $55k target that he predicted in March 2019.
â€œ$55k feels very natural and even low now, but back in early 2019 people laughed at [CNBCâ€™s Joe Kernen] for just mentioning the possibility of $55k BTC,â€ Plan B tweeted that day. The S2F modelâ€™s creator also mentioned that the Wall Street Journal also noted that Plan Bâ€™s S2F model was on track as it completed the $55k zone last month.
News.Bitcoin.com readers who are interested in tracking the live version of the S2F model can follow the trajectory here.
What do you think about Plan Bâ€™s S2F chart and the possibility of $100k to 288k prices in 2021? Let us know what you think about this subject in the comments section below.
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