![\"Plan](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/06\/planbsss.jpg\")
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For a few years now, the pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has become a very well known bitcoin influencer gathering 1.8 million Twitter followers. However, after the S2F price model didn\u2019t come to fruition and dropped well below the price targets in 2022, Plan B and his price model have been criticized a great deal. On Tuesday, Ethereum\u2019s co-founder Vitalik Buterin denounced the S2F price model and said \u201cfinancial models that give people a false sense of certainty\u201d can be \u201charmful,\u201d and they deserve to be mocked.<\/strong><\/p>\n A few specific price models have been mocked this week as people have noticed that bitcoin\u2019s price has not followed the \u201cRainbow\u201d price indicator<\/a> and Plan B\u2019s famous stock-to-flow price model<\/a>. The pseudonymous creator of the S2F model caught the attention of the crypto community years ago on March 22, 2019, when he published an editorial<\/a> called \u201cModeling Bitcoin\u2019s Value with Scarcity.\u201d When things got bullish in late 2020 and into 2021, Plan B\u2019s statements and price model were revered and at times, the analyst\u2019s predictions were on point.<\/p>\n In January 2021, bitcoin\u2019s (BTC<\/a>) USD value was seemingly following the S2F model and at the time Plan B said<\/a>: \u201cbitcoin stock-to-flow model [is] on track\u2026 like clockwork.\u201d Toward the end of June 2021, Plan B gave an update<\/a> on his \u201cworst case scenario for 2021.\u201d The analyst said: \u201cBitcoin is below $34K, triggered by Elon Musk\u2019s energy FUD and China\u2019s mining crack down. There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price\/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K.\u201d<\/p>\n Prediction is hard, especially the future. EMH even says predicting financial markets is impossible. For who is still interested in models, here are 5 BTC<\/a> valuation models: \u2014 PlanB (@100trillionUSD) June 21, 2022<\/a><\/p>\n<\/blockquote>\n After publishing his \u201cworst case scenario\u201d predictions, August, September, and October seemingly reached the targets Plan B forecasted. However, while BTC<\/a> hit an all-time high at $69K per unit on November 10, it did not make it near the $98K range and December was not even close. Fast forward to the end of 2022\u2019s first quarter and BTC<\/a>\u2019s price continued to slide lower, and presently, the leading crypto asset\u2019s price compared to the S2F chart is way off the radar. Plan B and his price model have been criticized<\/a> in the past and by well known BTC advocates.<\/a> For instance, the owner of Upstream Data, Steve Barbour, once tweeted<\/a>:<\/p>\n The S2F model is the used car salesman approach to memeing bitcoin to the moon.<\/p>\n<\/blockquote>\n In more recent times, Plan B\u2019s model has been mocked and ridiculed more fiercely. Ethereum advocate Anthony Sassano tweeted<\/a> about the S2F model and Plan B\u2019s predictions. \u201cThe \u2018Stock to flow\u2019 model is such an epic failure that Plan B should just delete his account,\u201d Sassano said. \u201cHe won\u2019t though because he sadly still has 1.8 million followers who eat up all of his hopium garbage on a daily basis.\u201d The tweet then got the attention of the Ethereum co-founder Vitalik Buterin who also commented on the subject.<\/p>\n \u201cStock-to-flow is really not looking good now,\u201d Buterin said<\/a> retweeting Sassano\u2019s statement. \u201cI know it\u2019s impolite to gloat and all that, but I think financial models that give people a false sense of certainty and predestination that number-will-go-up are harmful and deserve all the mockery they get. Remember who supported S2F and who mocked it even back when it looked like it was accurately describing the trendline,\u201d the Ethereum co-founder added<\/a>.<\/p>\n Plan B responded to Buterin\u2019s statement by retweeting his Tweet on Tuesday with some criticism toward \u201cfailed projects.\u201d<\/p>\n \u201cAfter a crash, some people are looking for scapegoats for their failed projects or wrong investment decisions,\u201d Plan B said<\/a>. \u201cNot only newbies but [also] \u2018leaders\u2019 fall victim to blaming others and playing the victim. Remember those who blame others and those who stand strong after a crash.\u201d Plan B also retweeted<\/a> an individual who wrote that \u201cEthereum\u2019s \u2018ultrasound\u2019 tokenomics are entirely based on S2F.\u201d Plan B also explained later in the day that he shares his analysis and charts free of charge.<\/p>\n \u201cSo I share my analysis and charts FOR FREE,\u201d Plan B wrote<\/a> on Tuesday. \u201cNever told anybody to buy or what\/when\/how\/howmuch to buy. Now covid, China ban, Russia war and inflation tank all assets including bitcoin\u2026 and somehow some weeners blame their investment decisions on me? Lame.\u201d<\/p>\n She’s a 10 but according to PlanB<\/p>\n \u2014 cryptograffiti (@cryptograffiti) June 21, 2022<\/a><\/p>\n<\/blockquote>\n As mentioned above, S2F has been targeted for being wrong, but the \u201cRainbow\u201d price indicator has also been mocked during the last two weeks. In a similar fashion, the Rainbow chart has not contained BTC<\/a>\u2019s price but some people said they could add a few extra lines of purple to make the chart work again. \u201cI\u2019ve created a new and improved model for the rainbow chart,\u201d the Twitter account @Levelsdennis tweeted<\/a>.<\/p>\n Meanwhile, a number of bitcoiners sympathized with Plan B and told him to keep up his work. \u201cIndeed. Keep posting pls \u2013 I enjoy the perspective you bring,\u201d the popular Twitter account with 1 million followers and dubbed @BTC_archive told the pseudonymous analyst.<\/p>\nPlan B\u2019s Stock-to-Flow Bitcoin Price Model Is Not as Popular as It Once Was<\/h2>\n
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\u2013 Time (log regression, rainbow) and S2F too high
\u2013 UTXO\/TX too low
\u2013 Difficulty\/Mining_cost currently best pic.twitter.com\/9FYCbWmbp7<\/a><\/p>\n\n
Buterin Says \u2018Stock-to-Flow Is Really Not Looking Good Now\u2019<\/h2>\n
Plan B Responds, Analyst\u2019s Fans Tells Him to \u2018Keep Posting \u2014 I Enjoy the Perspective You Bring\u2019<\/h2>\n
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