PlanB, one of the well-known analysts of the cryptocurrency world, shared his personal opinion on the future of Bitcoin price in his statement.
Speaking on the social media platform The analyst argued that he therefore expected the BTC price to double within 3 to 5 months.
PlanB, the founder of the Stock-to-Flow price model, continues to claim the opposite for years, despite criticism that this model does not work.
The Stock-to-Flow (S2F) model is a method used to predict the price of Bitcoin by calculating the ratio of existing BTC supply (stock) to new Bitcoin supply (flow) created each year.
One of the most important features of Bitcoin is that the amount of new supply entering circulation every year is precisely known. While the total supply of BTC is 21 million coins, approximately 19.2 million of this has already been mined. New Bitcoins are created when miners verify transactions on the blockchain following a predetermined schedule.
*This is not investment advice.