The creator of the infamous Stock Circulation Model (S2F), Plan B recently detailed that the price of Bitcoin is already 26% higher than the price of the S2F model. The strong momentum has led many cryptocurrency enthusiasts to believe that the price of Bitcoin may reach between US$100,000 and US$288,000 by the end of the year.
Bitcoin price is 26% higher than S2F trajectory
Plan B The stock-flow model (also known as S2F or S2FX) is a popular chart that measures the existing number of BTC in circulation (stock) and matches it with the number of issued coins minted during the mining (circulation) process.
For many encryption enthusiasts, the S2F model has been quite consistent so far, and Plan B and others have estimated along the trajectory of the mapping. In November 2020, the S2F creator redoubled his efforts and stated to the public that he believes that “there is no doubt” that his S2F model is “correct”.
At the time, Plan B stated that he expected the price of BTC to be “between $100,000 and $288K [December] 2021. In fact, I have new data to confirm that the supply shortage is real,” he added. On March 1, 2021, Plan B showed that the S2F model was still working, and the price of BTC was actually 26 higher than the model’s predicted trajectory. %.
The “New Orange Dot” in Plan B Tweet. “The closing price in February was $45,240 ($33,141 in January, the current price is $46,500)…just like a clockwork.” Two days later, plan B write Since he drafted the model in 2019, he has maintained correct predictions.
The Bitcoin S2F model was released in March 2019. The out-of-sample performance of the model (on the new data after February 2019) already exists.
In another tweet on Wednesday, Plan B criticized the S&P 500 index. “The Bitcoin chart I hate the most,” he said, and shared relevant technical analysis charts. “The correlation of the S&P 500 index… Is S&P $4K and BTC $100,000 fast?” Plan B asked.
The 53,000+ votes conducted by Plan B showed that 37.3% of people believe that a Bitcoin price of $100,000 is coming, and 33.1% believe that a price of $288,000 is possible.
On February 26, the S2F author also conducted a poll on Twitter, which received 53,860 votes. Plan B Twitter survey polls Q: “Do you think Bitcoin will reach $500,000, $288,000 (S2FX model) or $100,000 (S2Fv2 model) before December 2021. Or will BTC stay below $100,000?”
The survey shows that 37.3% or most of the participants believe that BTC will reach $100,000. Slightly less than 33.1% think that a BTC price of $288,000 is actually possible. 18.9% of the votes stated that the BTC will remain below $100,000, while 10.7% of the votes may reach $500,000 per unit of BTC.
In the past week, many Bitcoin traders Congratulations His S2F forecast plan B seems to be being realized. A trader said: “Inventories keep popping up, and it’s incredible to see it work.” And called Plan B a legend. Although many S2F opponents have criticized Plan B’s inventory-circulation model in the past, in recent days, S2F haters have become quieter.
Despite critics, Plan B still seems extremely severe confident Regarding his prediction and the S2F model he pointed out on February 20, 2021, the price of BTC reached his target of $55,000 in March 2019.
“$55,000 now feels very natural, even very low, but as early as the beginning of 2019, people laughed [CNBC’s Joe Kernen] Only mention the possibility of $55k BTC, “Plan B Tweet That day. The creator of the S2F model also Mention The Wall Street Journal also pointed out that the S2F model of Plan B is on track after completing the $55,000 development area last month.
News.Bitcoin.com readers interested in tracking the live version of the S2F model can follow this trajectory Here.
What do you think of the S2F chart of Plan B and the possibility of a price of $100,000 to $288,000 in 2021? Let us know your thoughts on this topic in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, Plan B Twitter, Stock-to-Flow, Twitter,
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