Bitcoin prices have gone parabolic and the value is seemingly following along with the controversial stock-to-flow (S2F) model, according to the price modelâ€™s creator. This week, the Twitter handle dubbed â€œPlan Bâ€ said the â€œbitcoin stock-to-flow model [is] on trackâ€¦ like clockwork.â€
Stock-to-Flow Author Is Confident in the S2F Price Model
Back in November 2020, news.Bitcoin.com reported on the popular but also contentious stock-to-flow price model created by Plan B. At the time, Plan B said that he has â€œno doubt whatsoever that bitcoin S2F is correct.â€ He also added that â€œbitcoin 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€ Plan B stressed two months ago.
During the last few weeks of bitcoinâ€™s value rising massively, Plan B reiterated his belief that the S2F model was still very much on point. On Thursday, the popular Twitter account tweeted: â€œBitcoin Stock-to-Flow model on track .. like clockwork.â€ Plan B also shared a chart that shows the current price action seemingly following along with the S2F model. Moreover, Plan B also said that bitcoinâ€™s â€œ200WMA (weekly moving average) [is] increasing 10% per month.â€
Furthermore, the Twitter account called â€œecoinometricsâ€ also tweeted about BTCâ€™s price values after the halvings. â€œI know it is still months away but who else is curious to see how close weâ€™ll get to $286,000 in October?â€ ecoinometrics tweeted. Following the tweet, Plan B responded to ecoinometricsâ€™ statement and said: â€œMake it $288,000.â€ Another individual spoke about the controversy about the S2F model and tweeted:
Peter Schiff Admits He Missed Out on Bitcoinâ€™s Gains
A person responded to the S2F denialism tweet and said: â€œThat would be their own fault for not doing their own research and relying on someone elseâ€™s work. They will learn to take responsibility for their actions and hopefully grow from the experience.â€ After explaining that his model was on track like â€œclockwork,â€ Plan B also stated:
â€œWhile I missed out on Bitcoinâ€™s big run off the 2020 lows, I didnâ€™t miss out on big gains in other speculative investments,â€ Schiff tweeted on Friday. â€œFor example, Iâ€™ve owned Delta Electronics in Thailand for years. Itâ€™s up 27% today and 27x from its 2020 low. Compare bitcoinâ€™s gains to that, not goldâ€™s,â€ Schiff added.
What do you think about Plan Bâ€™s stock-to-flow (S2F) model being on track like â€œclockworkâ€? Let us know what you think about this subject in the comments section below.
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