A new twist of the popular bitcoin (BTC) stock-to-flow (S2F) model has recently been published by the model’s pseudonymous creator Plan B. And judging from the updated model, S2F believers may now hope that BTC will hit almost USD 300K in a few years.
The updated price model, dubbed the Bitcoin S2F Cross Asset Model (S2FX), takes into account not only bitcoin, but two other assets with similar stock-to-flow properties in the sense that they are all mined and held by investors, namely gold and silver.
By dividing bitcoin’s history into separate price clusters based on the dominant “narrative” at the time for what bitcoin really is, the S2F creator came up with the conclusion that bitcoin over time has been widely seen as:
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