PlanB believes that the S2F model is still valid and short-term prices don't matter
PlanB, the mastermind behind the well-known Stock-to-Flow (S2F) model, used to predict Bitcoin prices since 2019, was recently on an interview with Dutch technical analyst and YouTuber Madelon Vos. In the interview, the pseudonymous analyst remained hidden and talked about BTC.
PlanB on Bitcoin's prices
In the interview, PlanB talked about the next possibilities for Bitcoin since the S2F model failed in predicting the price of the token. Bitcoin failed to reach $98,000 in November and $135,000 in the month of December as per PlanB's predictions.In the interview, PlanB said that the world's biggest cryptocurrency would claim the prize of $100,000 by the end of this current cycle of four years which was initiated after the Bitcoin halving in May.
"Right now, it is very exciting to see whether it reaches the $100,000 in the next two years, well actually this month and in the next month," Plan B said. "I am actually already working on the next cycle because I really don't care whether it stays stuck on $50,000 or $100,000 or $288,000.
Bitcoin's short-term prices don't matter
PlanB said that the short-term prices of Bitcoin (BTC) do not matter to him because by the end of the next Bitcoin cycle, BTC will reach $1 million. Furthermore, the analyst also said that he had full faith in the Stock-2-Flow model because it is still valid for the price action."Imagine thinking a model that has stayed within 1 standard deviation band for 3yrs has failed," said PlanB in his recent tweet on the validity of the S2F model. "IMO, we are in the exact same spot as March 2019 when I published the S2F model: at the low end of the 1sd band. DYOR. Look at the chart. Your choice."
"According to this chart, BTC will bounce between 50k-200k until 2024. We are at 50k, current ath is 69k, and it is likely we hit 200k before 2024," said PlanB in another tweet.
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