PlanB admitted that his worst-case scenario in terms of BTC’s price movements is about to be proven wrong for the first time. The analyst’s model forecasted a $98,000 price tag for the asset at the end of November, which seems somewhat of a long shot as of now.
PlanB’s Worst-Case Scenario
CryptoPotato has previously reported the accuracy of PlanB’s worst-case scenario (floor model), as he referred to it, which is separate from the popular stock-to-flow model. However, it was quite resilient in the past as it was spot-on for several consecutive months.
The prediction model saw bitcoin closing at $47,000 at the end of August and dropping to $43,000 at September’s end, both of which indeed transpired. October was also nearby, as BTC closed the month at $61,000, while PlanB envisioned $63,000. The anonymous analyst classified this minor difference as a “rounding error,” which was “good enough” for him.
During a recent podcast with the author of the Bitcoin Standard – Sa
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