Bitcoin has dropped significantly in price over the last few days. Bitcoin’s price dropped 8.75% in the last 24 hours, currently trading at around $35,600. This is no reason to panic, however, according to Plan B, the pseudonymous creator of the Bitcoin stock-to-flow (S2F) model. Plan B has even urged market participants to embrace volatility as over the long term Bitcoin has proven to be a rewarding investment.
Plan B reassures that the Bitcoin market will bounce back
In a recent tweet, the creator of the Bitcoin S2F model has reiterated his bullishness on Bitcoin and his confidence in the S2F model. Using his investment journey as a case in point, Plan B urged market participants to hold a long-term view of Bitcoin and ignore the current dip.
He narrated that he bought his first Bitcoin in 2016 at $400. In 2019, he published the S2F model when Bitcoin was at $4,000. Since then, the S2F model has been tracking Bitcoin market performance accurately to within 2 standard deviation band
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