The creator of the Bitcoin (BTC) pricing model, which forecasts a price of $ 288,000 for the BTC / USD pair by 2024, will “fade” if his predictions come true..
In the latest Stephan Livera podcast from May 5th PlanB warned of the impact of its bullish scenario on Bitcoin.
PlanB: The $ 288,000 Bitcoin world will be “bad.”
The latest stock-to-flow incarnation, S2FX, was released last week and has quintupled expectations of the average Bitcoin price compared to the previous version.
For PlanB, despite the apparent satisfaction that the BTC / USD pair has risen an order of magnitude in line with the stock flow, the outcome would not be without problems.
“I will fade if the model is successful because if the model is successful it will not be a pretty picture,” he said.
It will be uncomfortable, it will (probably) be the war, people have bitcoins, some people do not have bitcoin, there will be some countries that have bitcoins, some will not have bitcoins, it will be the US dollar be the one that loses its reserve status, it will be geopolitical, it will be its military.
Bitcoin stock-to-flow diagram from May 6, 2020. Source: PlanB / Digitalik
A new model when inventory is interrupted
Contrary to what some expected, PlanB added that the model should breakhe would stay on social media.
“That is not the case; I will stay because we will need a different model”he explained.
Critics continue to queue up to despise inventory. As reported by Cointelegraph, including Bitfinex’s Bitcoin whale, J0E007, Vitalik Buterin and others..
PlanB has argued that those who attempt to discredit the model have not provided evidence or an alternative theory the accuracy of which can be demonstrated.
The third halving of the Bitcoin block reward will come into effect within five days, an important milestone in the inventory at $ 288,000 and above.