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In a recent Twitter announcement, PlanB, the renowned creator of the stock-to-flow (S2F) model for Bitcoin, shared his anticipation for the upcoming Bitcoin halving in 2024. PlanB, who boasts a following of over 1.8 million, suggests that timing purchases before a halving and selling after can historically outperform a simple buy-and-hold strategy.
He tweeted: “[Buy bitcoin 6 months before a halving and sell 18 months after a halving] has historically beaten [buy&hold]. The next halving is in April 2024 … will this strategy work again?”
PlanB further explained that while some believe factors such as scarcity, S2F, and halvings don’t significantly influence Bitcoin’s value, he hinted that the upcoming halving could bolster his model. The debate between Bitcoin value being driven by supply-side factors (like halvings) versus demand-side factors (like adoption and macro trends) continues to divide opinions.
He added: “because some people think scarcity/s2f/halvings is not a factor in bitcoin value, they think bitcoin value is more driven by demand/adoption/macro. so there is no generally accepted view on bitcoin value, just different competing views. time will tell.”
PlanB’s stock-to-flow model has been a popular tool among Bitcoin enthusiasts and investors for predicting price trends. As Bitcoin’s next halving event draws near, the crypto community watches with bated breath, curious to see how the S2F model will stand against the test of time.
At time of writing, Bitcoin is moving hands just above the $30,000 mark according to CoinMarketCap data.