I think PlanB was a great follow for a long time but be was convinced & dead set on over $100,000 in the last bull market. He has made loads of excuses why his model(s) is still valid but I don’t think he is a credible source to reliably follow for the upcoming bull market. I mean his S2F chart is absolutely broken, we have been under his base case for ages.
It's a broken model created from a flawed assumption. There will be people who would debate against it, but - An asset's price doesn't automatically increase simply because its supply is limited, and that its emission halves every four years.
It increases in value because of demand, real demand and/or demand as a consequence of trading, investment-seeking/prospecting.
