The well-known encryption analyst PlanB recently tweeted that the Bitcoin halving event in 2024 will more than double the fee rate of the S2F model, that is, after the block reward is halved, Bitcoin will become more scarce, and even Probably rarer than gold. future.
PlanB recommends buying Bitcoin 6 months before the halving and selling for a profit 18 months after the halving https://t.co/hsZnZE7KKq
— Kyptos (@azcoinnews) April 27, 2023
However, many people disagree with this statement. Some people think that Bitcoin doesn’t behave like other assets. Therefore, the S2F model will become useless in predicting Bitcoin price. They think past predictions may just be coincidence.
However, PlanB clarified in a follow-up tweet that Bitcoin’s post-halving returns in 2012, 2016 and 2020 were not a coincidence or pure coincidence, but were the result of fundamental factors in Bitcoin, including a limited supply of 21 million coins .
PlanB believes that these fundamental factors are the main factors that determine the price of Bitcoin. Therefore, the S2F model can be used to predict the future bitcoin price. He predicts that after the 2024 halving, the price of Bitcoin under the S2F model will drop to around $60,000, and Bitcoin will continue to rise thereafter, just like what happened in 2012, 2016 and 2020.
In addition, PlanB also revealed a small trading tip called “S2F trading rules”, advising investors to buy Bitcoin 6 months before the halving and sell it within the next 18 months. The tip is based on historical data and S2F modeling, suggesting that Bitcoin price will rise in the months leading up to the halving and continue to rise in the period after the event.
In conclusion, while some may disagree with PlanB’s predictions for Bitcoin’s future price and scarcity, his trading insights and tips based on the S2F model may be useful to you if you want to invest in Bitcoin or other cryptocurrencies. As always, there are various factors that you must research and consider before making any investment decisions.
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mango
according to Kyptos
