PlanB updates Bitcoin S2F model, slashes projected price level by 2021 end
Bitcoin had been straying away from its expected price path as defined by PlanB’s Stock-to-Flow ratio throughout the year. With the May crash and Musk FUD, Bitcoin meeting the expected price seemed infeasible.
As a result, PlanB has now altered the Stock-to-Flow’s price points in order to obtain a more sustainable pattern for the king coin going ahead.
PlanB recently shared an update about the S2F model where he cut down Bitcoin’s price prediction to $100k by the end of December.
This was done in accordance with the current price movement as according to PlanB for Bitcoin to achieve the $100k average this halving cycle, it will have to be above that average by mid-cycle, which is approximately by May 2022.
PlanB’s new S2F model | Source: PlanB
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