news.bitcoin.com - 3 days ago on August 29th 2021
By Jamie Redman
The pseudo-anonymous bitcoin analyst called Plan B gave his 704,000 Twitter followers an update on the notorious stock-to-flow (S2F) bitcoin price model. Plan B stressed on August 27, that the “next months will be key” as he believes the bitcoin S2F model “predicts $100K by Christmas.”
Plan B is a popular figure in the bitcoin world as the pseudo-anonymous analyst is well known for his stock-to-flow (S2F) price model. In basic terms, the model quantifies the commodity’s (bitcoin) scarcity and then divides it by yearly issuance (the flow).
For quite some time now, Plan B and many other S2F fans have insisted that if the model is correct, BTC could one day reach $100K and in the future, possibly a million U. S. dollars per coin. However, in June and July, bitcoin (BTC) prices pulled back a great deal, after reaching a value of more than $64K per unit. https://news.bitcoin.com/plan-bs-stock-to-flow-bitcoin-price-model-predicts-100k-by-christmas-s2f-creator-discusses-time-model/
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