The extremely bullish “Stock-to-Flow” model of the price of Bitcoin (BTC) was created and promoted by pseudonymous cryptocurrency analyst PlanB (@100trillionUSD in X). According to PlanB, there will be a critical moment for BTC bulls starting on November 1, 2023.
Bitcoin (BTC) close to “outperforming period,” Stock-to-Flow author says
The time frame that often beats the “Buy and Hold” strategy for Bitcoin (BTC) begins on October 31. These windows of opportunity begin to open six months in advance of events involving halving and end one and a half years thereafter. PlanB noted this tendency in his most recent X thread.
https://x.com/100trillionUSD/status/1718926982115631423?s=20
This estimate is expected to demonstrate the “Stock-to-Flow” pricing theory’s correctness once more. According to this story, Bitcoin’s (BTC) increasing scarcity as an asset has accelerated its long-term price increase. Conversely, recurring halving events, which lower the amount of Bitcoins (BTC) issued by 50% every four years, are the source of the increasing scarcity.
The last Bitcoin (BTC) halving occurred in May 2020, during a widespread market decline, as previously reported by U.Today. But November 2021, eighteen months later, saw Bitcoin (BTC) reach a record high of more over $69,000.
Major cryptocurrency influencers are also clear about how the halving of Bitcoin (BTC) would affect the cryptocurrency markets. For example, after Bitcoin (BTC) printed yet another ATH following halvings, Binance CEO Changpeng “CZ” Zhao noted that “people were always asking why”.
The following halving of Bitcoin (BTC) is scheduled for April 24, 2024. 3.125 Bitcoins (BTC) will be the maximum reward for each block for all Bitcoin (BTC) miners.
Will 2024 Bitcoin (BTC) halving be different?
Consequently, in October 2025, we will be able to verify if the prediction made by PlanB is accurate.
Several of his supporters are speculating as to whether the next Bitcoin (BTC) boom will be different. For example, the monetary effect of Bitcoin (BTC) issuance is less this time around—it only loses 3.125 BTC/block.
PlanB believes, however, that the correlation will remain the same even on the BTC/XAU chart, which displays a relationship between the price of gold and Bitcoin (BTC).
Simultaneously, he suggested using a correlation of indicators, such as technical analysis and on-chain procedures, to assess the Bitcoin (BTC) market.
