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What’s the Issue with S2F’s $288,000 Bitcoin Price Prediction?

SourceBlog
#1
Popular analyst PlanB who is known for his scarcity-based stock-to-flow model recently in an interview on Peter McCormack’s podcast What Bitcoin Did talk about how Bitcoin is “not a toy anymore.” From a toy, the digital asset has evolved into magical internet money and now to dollar parity.

Reflecting on the world’s leading cryptocurrency’s past ten years, the analyst said bitcoin may not even be an asset anymore as “it’s gonna be much bigger than that.”
Further moving onto his model, he points out a very famous quote about models that says, ‘“all models are wrong but some are useful’ and that’s very true.” As for his updated S2FX model,
“IT’S MORE USEFUL (THAN THE ORIGINAL S2F) BECAUSE IT FORCES YOU TO THINK IN PHASES, IN BIG STEPS – IN THIS CASE, A HUNDRED BILLION DOLLAR BITCOIN INTO A MULTIPLE TRILLION-DOLLAR BITCOIN MARKET VALUE. THAT’S A HUGE LEAP AND IT’S NOT GONNA BE A GRADUAL THING THAT SOMETHING IS GOING TO CHANGE IN THE NEXT COUPLE OF YEARS.”

https://t.me/CryptoMarketTime
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