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Not long ago, the author of bitcoin’s controversial stock-to-flow (S2FX) pricing model claimed that the model was “perfectly on track”. On Sunday November 8, the S2FX creator known as “Plan B” reaffirmed his faith in the model and told his Twitter followers that he has “no doubt” that the S2FX trend is correct.
This weekend the stock-to-flow (S2FX) author nicknamed “Plan B” tweeted about his model and how he still believes in the S2FX trend. The popular Plan B editorial called “Modeling Bitcoin’s Value with Scarcity” has attracted community attention for quite some time. The current trend suggests that if BTC’s price follows the S2FX pattern 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 the “stock” and “flow” of BTC. “The ‘Stock-to-flow’ is a number that shows how many years, at the current production rate, it takes to reach the current stock. The higher the number, the higher the price, “explains the real-time chart monitoring website with the stock-to-flow model applied to the current BTC price.
During the first week of August, Plan B told its 148,000 Twitter followers that its model was “perfectly on track”. Last Sunday, Plan B doubled down on its words and told the crypto community that it has no doubts about its model and wholeheartedly believes in S2FX.
“People ask if I still believe in my model,” Plan B tweeted. “To be clear: I have no doubt that bitcoin S2FX is correct and bitcoin will hit $ 100K-288K first. [December] 2021. Indeed, I have new data confirming that the supply shortage is real. IMO 2021 will be spectacular “, added the analyst.
Following the Plan B statements, one person replied to his tweet e She said: “What is your skin in the game? You are anonymous. If your model fails, you can simply delete Twitter and disappear. “The anonymous analyst responded and said that his anonymity makes S2FX more attractive.
“You seem not to understand”, the author of S2FX he answered. “One of the reasons I’m anonymous is that I don’t want you to trust me (based on my credentials), I want you to verify everything I say and draw your own conclusion. Also, I might go dark when my model is successful, it doesn’t fail. Few understand. “
Some other Twitter users She said who appreciated the confidence of Plan B and thanked him for his contributions. Despite the fact that there are many supporters of cryptocurrency and analysts who disbelieve in the S2FX model, a large number of enthusiasts think it will come to fruition.
“If the history of Bitcoin repeats itself,” tweeted a fan. “Bitcoin [will] overshoot and tops at around $ 335k. – in this perfect parallel channel. Hi FOMO. [Four] time of year among the highest. “Make a profit of $ 335,000 / 2 = $ 165,000, which is the goal based on the ‘stock to flow model’,” added the individual.
What do you think of Plan B’s confidence in the S2FX model? Do you think it could align? Let us know what you think about this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Plan B, Digitalek.net/btc/, Twitter,
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