Eric Wall, chief investment officer of crypto hedge fund Arcane Assets, has offered a $1 million bet that the Bitcoin stock-to-flow model will be proven false before 2025.
In a Nov. 12 tweet to his 32,700 followers, Wall laid out the terms of the wager, offering to pay $1 million to anyone who accepts his bet that the stock-to-flow, or S2F, model will be “broken” in less than five years. The CIO stated the definition of “broken” is if the Bitcoin (BTC) price hasn’t “reached even 50% of its target range”.
Although he tagged in S2F model creator PlanB (@100trillionUSD) he later added: “This bet is not only for @100trillionUSD. If someone else has the money to lock up, I will take you on instead.”
PlanB has stated his S2F model sees a glittering future for Bitcoin due to the ongoing reduction in supply, with the analyst estimating (in iterations of the model) that the BTC price will hit between $100,000 and $288,000 by December 2021. However, some in the crypto community do not see the popular model as a reliable indicator for Bitcoin’s long-term price action. Read from source….