Bitcoin prices have gone parabolic and the value is seemingly following along with the controversial stock-to-flow (S2F) model, according to the price model’s creator. This week, the Twitter handle dubbed “Plan B” said the “bitcoin stock-to-flow model [is] on track… like clockwork.”
Stock-to-Flow Author Is Confident in the S2F Price Model
Back in November 2020, news.Bitcoin.com reported on the popular but also contentious stock-to-flow price model created by Plan B. At the time, Plan B said that he has “no doubt whatsoever that bitcoin S2F is correct.” He also added that “bitcoin will tap $100K-288K before [December] 2021. In fact, I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular,” Plan B stressed two months ago.
On January 8, 2021, bitcoin (BTC) tapped the $42k per unit zone.
During the last few weeks of bitcoin’s value rising massively, Plan B reiterated his belief that the S2F model was still very much on point.