S2F Model Creator PlanB Believes Investor Might be Frontrunning Bitcoin Halving

Godfrey Benjamin
June 21, 2023
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PlanB, the creator of the Stock-2-Flow (S2F) model has shared a thought provoking question on his official Twitter account as he weighed in on the plausible reasons for the ongoing bullish momentum. The S2F model which he created can be applied to all investment assets but PlanB is particularly interested in Bitcoin (BTC) which he is optimistic is destined to soar beyond $100,000 in the near term.

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PlanB on Plausible Investor Motivation

The renowned market analysts was curious to know whether or not ‘they’ which can mean investors or market bulls are “front running the halving.”

Frontrunning is a word in investing that depicts the deep motivation to buy an asset based on a knowledge one has that might fuel the valuation of such asset in the long run. Bitcoin’s halving which PlanB is referring to is a network event that takes place automatically every four years.

The next halving is not expected until April next year, a time when the rewards issued to miners of Bitcoin will be sliced by half from the current 6.25 BTC. The halving event has been known to be succeeded by a period of immense price growth and investors typically stack up on the digital currency on the grounds that its price will surge in the near future.

PlanB’s questions come on the heels of the ongoing recovery in the broader digital currency ecosystem which has pushed Bitcoin’s price to retest its key resistance level and currently changing hands at a spot price of $29,877.91, up by more than 11% over the past 24 hours. The resurgence in BTC has fueled a corresponding rally that is pushing altcoins to new pedestals.

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Question for Smart Money Investors

There are different sentiments supporting the current Bitcoin price growth which has seen smart investors pump new funds into the premier digital currency. While investors are possibly all out for the crypto market following a wave of spot Bitcoin ETF filings sparked by BlackRock, the inherent potential of the forthcoming halving can also be a big boost to bet big on BTC at this time.

Bitcoin touched its All-Time High (ATH) months after its last halving back in May 2020. With expectations of similar growth ahead, we may see additional smart money inflows into the market in the weeks and months ahead.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.