PlanB: The S2F model predicts Bitcoin could reach $500,000 in this cycle, but the market questions whether the model has failed.

BTC1,12%

Gate News reports that on March 8, crypto analyst PlanB posted on X stating that Bitcoin’s current price remains around $67,000, but the S2F (Stock-to-Flow) model still predicts a cycle reaching $500,000 between 2024 and 2028. PlanB believes that if the model’s predictions are accurate, it indicates that Bitcoin’s current price is severely undervalued and could present a potential long-term buying opportunity. However, the market is also discussing whether the model has become invalid. PlanB also asked the community, “Will Bitcoin’s future trend be bullish or a bust?”

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