Bitcoin Institute

"Either BTC is extremely undervalued and will bounce back soon, or S2F will be less useful in the future" (@100trillionUSD, 2022-06-20)

Figures: PlanB
PlanB @100trillionUSD June 20, 2022 16:56 UTC

#bitcoin S2F original 2019 model (grey) and newest fit on most recent data (white dots). S2F model certainly had a good run from Mar2019 (BTC 4K) to Mar2022 (BTC 45K). For now: either BTC is extremely undervalued and will bounce back soon, or S2F will be less useful in the future pic.twitter.com/JdnLINpzTV

Log-scale chart titled "Bitcoin Stock-to-Flow Model (S2F)": a grey line labeled "OLD S2F model (BTC=0.4*S2F^3)", a white dotted line labeled "NEW S2F model (based on 18m average S2F-ratio)", and red monthly price dots that fall away below both lines in 2022

Original external source

https://x.com/100trillionUSD/status/1538928679383875584
Text from X's official embed (publish.twitter.com/oembed); the posting time and the attached image from X's embed data (cdn.syndication.twimg.com), both retrieved October 22, 2026.