{"id":53999,"date":"2021-12-02T18:02:31","date_gmt":"2021-12-02T16:02:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53999"},"modified":"2025-09-03T17:58:50","modified_gmt":"2025-09-03T14:58:50","slug":"stock-to-flow-model-author-concedes-failure-of-the-worst-case-scenario-for-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stock-to-flow-model-author-concedes-failure-of-the-worst-case-scenario-for-bitcoin\/","title":{"rendered":"Stock-to-Flow model author concedes failure of the &#8216;worst-case&#8217; scenario for Bitcoin"},"content":{"rendered":"<p>The author of the Stock-to-Flow model, PlanB, acknowledged the failure of his own &#8216;worst-case&#8217; scenario, under which Bitcoin&#8217;s price would have reached $98,000 in November. This is stated in the latest <a href=\"https:\/\/u1f987.com\/en\/news\/november-2021-in-figures-boba-network-debut-planb-model-questioned-and-metaverse-token-rally\">ForkLog analytical report<\/a>.<\/p>\n<p>In the first half of November, Bitcoin hit an all-time high at $69,000, but the price then corrected, breaking the usual year-end momentum.<\/p>\n<p>Ethereum also reached new highs, rising 7.88% for the month. The price of the leading cryptocurrency, meanwhile, fell 7.14%.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"708\" height=\"201\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-2.png\" alt=\"Stock-to-Flow model author concedes the failure of the 'worst-case' scenario for Bitcoin\" class=\"wp-image-157782\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-2.png 708w, https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-2-300x85.png 300w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><figcaption>Bitcoin and Ethereum dynamics in November. Data: <a href=\"https:\/\/u1f987.com\/en\/news\/november-2021-in-figures-boba-network-debut-planb-model-questioned-and-metaverse-token-rally\">ForkLog report<\/a>.<\/figcaption><\/figure>\n<p>PlanB gave the Floor model another month. He emphasised that the Stock-to-Flow itself remains relevant.<\/p>\n<p>The best performance among mid-cap projects was again shown by GameFi tokens such as Sandbox (SAND), Decentraland (MANA) and Gala (GALA). All of them hit new highs.<\/p>\n<p>A new peak was also reached by Loopring \u2014 the native token of the Ethereum scaling solution \u2014 at the beginning of the month, with the price of LRC rising to $3.85. Catalysts included speculation about a potential partnership with GameStop, as well as high fees on the network of the second-largest cryptocurrency.<\/p>\n<p><script async=\"\" src=\"https:\/\/telegram.org\/js\/telegram-widget.js?15\" data-telegram-post=\"forklog\/22851\" data-width=\"100%\"><\/script><\/p>\n<p>The shares of digital-asset and mining-related companies in November showed predominantly negative dynamics, following Bitcoin&#8217;s moves. The exceptions were MicroStrategy, whose securities recovered after another <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-an-additional-7002-btc\">purchase<\/a> of BTC for $414 million, and mining companies Canaan and Riot Blockchain.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"772\" height=\"252\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/crypto-1.png\" alt=\"Stock-to-Flow model author concedes the failure of the 'worst-case' scenario for Bitcoin\" class=\"wp-image-157961\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/crypto-1.png 772w, https:\/\/u1f987.com\/wp-content\/uploads\/crypto-1-300x98.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/crypto-1-768x251.png 768w\" sizes=\"auto, (max-width: 772px) 100vw, 772px\" \/><\/figure>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"777\" height=\"370\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/mining-3.png\" alt=\"Stock-to-Flow model author concedes the failure of the 'worst-case' scenario for Bitcoin\" class=\"wp-image-157962\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/mining-3.png 777w, https:\/\/u1f987.com\/wp-content\/uploads\/mining-3-300x143.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/mining-3-768x366.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><figcaption>Data: <a href=\"https:\/\/u1f987.com\/en\/news\/november-2021-in-figures-boba-network-debut-planb-model-questioned-and-metaverse-token-rally\">ForkLog report<\/a>. <\/figcaption><\/figure>\n<p>Earlier in November, Huobi analysts warned about the flaws in PlanB&#8217;s Stock-to-Flow model. In their view, the author did not account for the normalization of monetary policy <span data-descr=\"Federal Reserve System\" class=\"old_tooltip\">\u0424\u0420\u0421<\/span>.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The author of the Stock-to-Flow model, PlanB, acknowledged the failure of his own &#8216;worst-case&#8217; scenario, under which Bitcoin&#8217;s price would have reached $98,000 in November.<\/p>\n","protected":false},"author":1,"featured_media":54000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1268],"class_list":["post-53999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53999"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53999\/revisions"}],"predecessor-version":[{"id":54001,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53999\/revisions\/54001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/54000"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}