The leading cryptocurrency bitcoin has dropped 20% in value after Tesla announced on May 12, the electric car firm would not be accepting bitcoin for purchases. Two days later, the creator of the notorious stock-to-flow cross-asset (S2FX) price model, Plan B, shared his model and said the S2FX was still “intact.” Plan B still shows confidence in the bitcoin bull run and expects another 5x in the next six months.

Despite the recent crypto market downturn, Plan B still seems positive that the bitcoin bull run is not quite over. “Plan B,” is a pseudonym leveraged by the Twitter account @100trillionusd and also the creator of the popular stock-to-flow (S2F) price model. This particular model leverages a ratio of bitcoin’s scarcity (BTC in circulation) to BTC issuance. At the time of writing, the Bitcoin network’s inflation rate per annum is approximately 1.77% and will continue to drop lower as time passes.

Plan B first published his paper called “Modeling Bitcoin Value with Scarcity” on March 22, 2019. The stock-to-flow model or S2F, quantifies scarcity similar to assets like gold and silver. It takes the BTC in circulation and divides it by the annual issuance rate. When Plan B published that paper, bitcoin (BTC) had a market capitalization of $70 billion and today, the market valuation is $844 billion. Moreover, Plan B has updated the S2F model and now calls it the “BTC S2F cross-asset (S2FX) model.”

“S2FX model enables valuation of different assets like silver, gold and BTC with one formula,” Plan B S2FX description explains.

Plan B’s latest S2FX chart shared on May 14, 2021.

The day after Tesla announced it was not accepting BTC for purchases, Plan B took to Twitter sharing an S2FX chart and said: “S2FX intact … this is starting to look like 2013 bull market.” The following day Plan B shared another chart and gave his 467,000 Twitter followers another S2FX update:

Furthermore, on May 17, the Crypto Fear & Greed Index (CFGI) shows a score of 27 pointing to “fear” and sentiment is the same as it was over a year ago today.

CFGI data on May 17, 2021.

The index, a metric that “analyzes the emotions and sentiments from different sources and crunches them into one simple number,” reached this same region on April 28, 2020. 30 days ago, CFGI data shows that the sentiment analysis was “extreme greed” or a score of 76. Seven-day statistics show that the CFGI score was 72 or “greed.”

Bitcoin’s Relative Strength Index (RSI) chart shared by Plan B on May 15, 2021.

On Saturday, Plan B discussed bitcoin’s Relative Strength Index (RSI) and his thoughts on the next few months. The technical analysis tool dubbed the “Relative Strength Index” (RSI) is essentially a momentum indicator that can help analysts define oversold or overbought conditions in a market.

“Bitcoin relative strength index (RSI),” Plan B said sharing another chart. “We are at the typical mid-bull-cycle drop in RSI (yellow circles), in between 2013 and 2017. Excited about [the] next couple of months,” Plan B added.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。