Analyst PlanB's Stock-to-Flow (S2F) Bitcoin price prediction model has made waves in the financial and cryptocurrency markets. According to the model's creator, Bitcoin is set to break the $100,000 mark by the time the halving event in 2024 takes place.

The Stock-to-Flow (S2F) ratio is a method of assessing the scarcity and value of a digital asset. This concept makes use of two metrics; the ‘stock’, which is the existing supply of a given digital asset, and the ‘flow’, which describes the rate of production or inflow of a digital asset at any given time. By calculating the ratio between these two values, analysts are able to analyze and predict the value of an asset over time.

PlanB has previously provided a trajectory for the coming years leading up to the 2024 halving event. The analyst is confident that Bitcoin has experienced a cyclical low of $15,500 in November of 2022, which was closely followed by a gain towards the $32,000 level which can be attributed to anticipation of the 2024 halving event. After the event takes place, PlanB believes that the $100,000 level will be attainable.

PlanB's history of predictions has been bumpy, as witnessed in November 2021 when the same analyst incorrectly projected Bitcoin to reach the $100,000 mark that same month. His prediction was retracted and caused some dramatics to ensue within the crypto community.

Interestingly, not all experts believe PlanB's S2F model to be perfect, BeInCrypto's editorial team published a report citing that most of the predictions had not yet come to pass. This led to a conversation about whether or not certain predictions should be viewed skeptically, or with a grain of salt.

At this point, it is hard to tell where the crypto markets are heading, experts remain divided regardless of the S2F Model. Nevertheless, after the 2024 halving event, we could surely see a number of interesting changes to the Bitcoin price, especially with its current trajectory leading up thereto.



Other News from Today