Ethereum’s co-founder used the recent market crash as an opportunity to lash out against the Bitcoin stock-to-flow model, which has deviated severely from its price predictions. The S2F creator responded quickly and didn’t hold back.Developed and published a few years ago by a popular crypto analyst going by the Twitter handle PlanB,and its variations predict BTC’s future price based on the size of existing reserves and the annual supply of bitcoins on the market .
It attracted countless supporters as it predicted massive price tags for bitcoin, many of which came true. However, the model started getting it wrong at the end of last year as it forecasted $100K by December, which didn’t happen. Moreover, it sees BTC trading in a large range of between $50,000 and $150,000 for 2022. Following the recent market slumps in which the asset recorded an, it’s safe to say that the model has gone way outside of its bullish predictions.
S2F also had a fair share of critics, one of the most prominent being Vitalik Buterin. Earlier today, he supported one of Ethereum’s core developers who blasted the model, calling it an “epic failure.” Although Buterin was more diplomatic with his choice of words, he also discredited the model.
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