https://www.youtube.com/watch?v=E3BWdciKZ7c 

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).

00:00 Intro

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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.