The latest version of a popular and so far exactly The Bitcoin (BTC) pricing model predicts that an average price of $ 288,000 could be achieved this year.
In a blog post with the third incarnation of the stock-to-flow model (S2F) on April 27th The PlanB analyst revealed new calculations that set his forecast ever higher.
BTC’s S2FX is priced at $ 288,000 per coin
This time Gold and silver came together and, together with BTC, formed BTC’s new S2F Cross Asset Model (S2FX).
Stock to Flow calculates a value based on the supply of new bitcoins that are brought into circulation by mining compared to the existing supply or “inventory”.
The retrospective application confirms this The model is extremely competent in representing the growth of Bitcoin. Even the 60% drop from last month is still in the expected range.
Before S2FX, the BTC / USD averaged $ 100,000 between 2020 and 2024 in an “updated” stock-to-flow chart. With the release of the new version, however, the forecast almost tripled overnight.
“The S2FX model formula can be used to estimate the market value of the next phase / cluster of BTC (BTC’s S2F will be 56 between 2020 and 2024),” summarized PlanB.
… This corresponds to a price (at 19 million BTC in the period 2020-2024) of USD 288,000.
Bitcoin S2FX chart. Source: Medium
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S2FX introduces the idea of ”clusters” for Bitcoin when it switches between different use cases.
According to PlanB The cryptocurrency has already been viewed as a “proof of concept”, for “payments”, as “e-gold” and currently as a “financial asset”. Each label accompanies a “group” of price points on the S2F chart, and each group makes a significantly different price forecast.
“Each of the four identified BTC clusters has a very different S2F market value combination that appears to be consistent with halving and changing BTC narratives,” he continued.
Until now It is the “Financial Assets” cluster that has the highest S2F value and market value. $ 25.1 or $ 114,000 million.
Low S2FX and an S2F of 56bitcoin market value should rise to $ 5.5 trillion, which corresponds to a price of $ 288,000 per coin.
The update didn’t happen without your criticism. After previously criticizing previous work, the high-volume bitcoin trader was known as J0E007 He considered whether stocks should flow and argued that PlanB should contain more “assets” like the controversial Altcoin Bitcoin SV (BSV).
“I think PlanB has taken a step in the right direction by adding more assets to its model. Solid work,” he wrote on Twitter on Tuesday.
Once S2FX is approved for a variety of assets like Pt, W, $ BSV and $ BCC, you will receive my enthusiastic support. Very scientific!
In other comments, J0E007 stated that the upcoming halving of Bitcoin is “already set” and will precede a decline.
On the other hand, the co-founder of Ethereum, Vitalik Buterin, is one of those who have concerns about the flow of inventory.