If one looks at Plan B S2F model one would see that the formula that he uses to compute his price forecasts is BTC = 0.4*S2F3.
After the next halving BTC S2F would become a little over 119 years. Plugging this into the above formula produces a S2F-implied price estimate of around $690K.
My question: is that a correct interpretation of how Plan B produces his price forecasts? Or am I missing anything?
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