PlanB's S2F Model Projects Bitcoin to Average ₱29,547,660 ($500,000)
Crypto analyst PlanB characterized Bitcoin's current ₱3,959,386 ($67,000) price as an ultimate buying opportunity, despite his updated Stock-to-Flow model projecting a ₱29,547,660 ($500,000) average for the 2024-2028 cycle.
Key Takeaway
PlanB's S2F model has a track record of overshooting — his 2021 forecast missed by over $200,000.
Crypto analyst PlanB's updated Stock-to-Flow model projects Bitcoin will average ₱29,547,660 ($500,000) during the current 2024-2028 cycle.
The pseudonymous Dutch institutional investor quit traditional finance in March 2019 to focus on Bitcoin full-time and called the digital asset undervalued despite carrying high volatility risk.
The S2F model compares Bitcoin's existing supply against annual mining output to evaluate scarcity. After each halving event cuts new Bitcoin issuance in half, PlanB believes reduced inflow inevitably pushes prices upward. His chart shows a dotted S2F line jumping toward the $500,000 target in 2024.
PlanB first published the Stock-to-Flow framework in March 2019, applying commodity valuation principles from gold and silver. The model gained traction for shaping how retail and institutional investors view Bitcoin as a scarcity-driven portfolio asset. But it also drew criticism for missing cycle highs and lows since launch.
His 2021 prediction called for Bitcoin to hit $288,000 or higher that cycle, with PlanB stating it was more likely to reach $250,000-$300,000 than plateau at $100,000. Those targets never materialized as actual prices deviated from S2F predictions in six-month increments post-2019. The road to $500,000 per Bitcoin may include deep drawdowns, as happened in the 2018 and 2022 cycles.
This article was written based on reporting from U.Today.
