A few days ago the Dutchman PlanB faced an interview with the columnist Madelon Vos. The pseudonymous creator of the stock-to-flow (S2F) model predicted a few months ago that Bitcoin (BTC) would crack the 100,000 US dollar mark in December 2021. In fact, the price experienced a sharp slump. Since mid-November, the cryptocurrency has lost a lot of its value. Nevertheless: PlanB is sticking to his Bitcoin forecast firm – but indicates a certain leeway.
Bitcoin forecast: PlanB gives insights
In an interview with Vos, the crypto expert sometimes goes into the different models to which he has referred many times in the past. But it gets really interesting when the two start talking about the different phases of what is still the strongest crypto currency on the market. After all, they are based on the S2F model and thus PlanB’s Bitcoin forecast.
“At the moment it is very exciting to see whether the 100,000 [US-Dollar] will be achieved in the next two years – actually this month and the next few months. But how that develops in this cycle, I’m actually already working on the next cycle, because I really don’t care whether it gets stuck at 50,000 or 100,000 or 288,000. The difference is only five times that of the order of magnitude, which is a lot of money. “
PlanB (via Madelon Navigeert)
The meeting with Dutch columnist Vos could hardly have been at a better time. After all, the Bitcoin price has increased by a good 10 percent this week. This is still far from the $ 100,000 mark, but it could be an early sign of recovery.
Has the S2F model failed?
Also on Twitter represents PlanB made it clear that the key is that Bitcoin, with a value of around USD 50,000, is still within one standard deviation of the S2F model. This is around 50,000 to 200,000 US dollars. If Bitcoin stays within this framework for the next two and a half years, “then the S2F model is still valid and even useful for me”. This means that the Dutchman’s Bitcoin forecast, especially the S2F model, has not necessarily been completely refuted so far.
Sources: YouTube / Madelon Vos; Twitter / PlanB