S2F pricing model suggests Bitcoin price reaches $ 100,000 – Model claims author is perfectly on track

The author of the controversial stock-to-flow (S2F) bitcoin pricing model said that at current prices the S2F model is “perfectly on track”. S2F shows that the price could reach around $ 30,000 by the end of the year and by August 2021 the prices could be $ 100,000 per bitcoin.

Bitcoin (BTC) cryptocurrency has risen by over 24% in the past 30 days and by over 16% in the past 90 days. BTC hit a 2020 high of just over $ 12,000 per coin before plunging 10.9% last Sunday.

With the price giving traders optimism, many speculators are wondering if cryptocurrencies are about to see another massive bull run. On August 1, the author of the disputed S2F pricing model told his 121,000 Twitter followers that the model is on track.

“I can’t create a map for you now (at sea), but [the] S2F model [is] perfectly on track “, Plan B he wrote on Saturday.

“We’re getting parabolic,” an individual tweeted in response to Plan B.

It is set at $ 9132
It is set at $ 11,356
It is currently $ 11,700
I can’t make a chart for you now (at sea), but the S2F model is perfectly on track. pic.twitter.com/rJGuKyxPKG

– PlanB 🔴🔴🔴 (@ 100trillion USD) August 1, 2020

The popular Plan B editorial called “Modeling Bitcoin’s Value with Scarcity” has attracted community attention for quite some time. However, not everyone believes in the S2F price model, and the model has received a lot of criticism.

News.Bitcoin.com reported Francis Tapon’s criticism of the S2F model and digital currency backer Eric Wall has criticized Also the S2F model of Plan B. Steve Barbour, the owner of Upstream Data tweeted:

The S2F model is the used car seller’s approach to store bitcoin on the moon.

“S2F is just an imperfect measure for scarcity,” Barbour continued. “Bitcoin is not scarce because it has a high S2F ratio, it has a high S2F ratio because it is scarce. I believe Bitcoin reaches the moon because it is incredibly useful for society. If it were just the S2F ratio, someone would make a better one. “

Despite the criticism, the S2F topic is hugely popular on Twitter and was trending the day Plan B tweeted that the model was perfectly on track. “The current new annual flow of bitcoin supply is approximately 328,725.00 units”, tweeted Robert Breedlove.

“By the year 2100, Bitcoin’s new annual supply flow will contract by 6 orders of magnitude to ~ 0.31 units. During this period, Bitcoin’s S2F ratio will increase by more than 1,118,659 times. Buy bitcoin, because it’s math, “Breedlove added.

“Raise your children well. Learn them S2F “, the Hodlberry bitcoiner She said Tuesday. Monday Conner Brown he wrote: “I don’t pretend to understand any of the calculations behind S2F, but an anonymous quant coming up with a model that blows crypto-brains completely out of the water seems right for bitcoin.”

“Quants supports it and that’s good enough for me,” one individual he answered to Brown’s tweet. “If it fails, it’s still just a model.”

Plan B also recently changed its model by measuring the “phase transitions” of assets such as the US dollar by removing its support in gold. The new pricing model is dubbed “S2FX” and suggests that BTC could reach $ 288,000 by the end of 2023.

The S2F model is and has always been controversial as people believe that technical analysis is no better than models like Elliott Waves and Hyperwaves. All three models have been likened to tarot cards for a variety of reasons.

With Elliot Waves, for example, people complain that there is no way to correctly measure the start and end of each wave cycle.

What do you think of Plan B which says its S2F pricing model is “perfectly in line?” Let us know what you think about this topic in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons, Twitter, Bit Harrington, Plan B,