Once a year, I review Plan B's stock-to-flow model, which predicts Bitcoin's price. I first critiqued it on May 11, 2020, which was the day of the 3rd Bitcoin halving. Plan B blocked me because of it.
Last year, on May 11, 2021, I reflected on how well the price had been tracking the model, but I warned that we should not become overly exuberant. I predicted that we would drop below $40,000 in 2022, perhaps below $30,000, and maybe even below $20,000. It all seemed rather ludicrous given that BTC was at $55,000. Still, I insisted that on May 11, 2022, things would be far more "sober."
As I write this on May 9, 2022, Bitcoin is trading at $31,000. See my video (which was filmed on May 9, when BTC was around $35,000).
Timeline
00:00 Intro
00:52 May 2021 clip
02:07 Has Plan B Failed?
03:09 S2F range
03:40 Anthony Pompliano Plan B Interview
05:19 S2F $50k Model
06:15 Moving the goalposts
07:45 My BTC Predictions
08:25 BTC Chart analysis
10:00 Updated price prediction
10:47 Where I went wrong
12:20 Conclusion
Watch the May 2022 video
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DISCLAIMER
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
