PlanB analyst lost all his bitcoins

The author of the Stock-to-Flow (S2F) forecasting model, investor and analyst PlanB announced the loss of bitcoins.

Never thought this would happen to me, I lost all my bitcoin in a tragic boating accident … devastated https://t.co/NZlLFZdIBm pic.twitter.com/gjo4283JoC

— PlanB (@100trillionUSD) October 24, 2023

According to him, this happened during a shipwreck:

PlanB did not specify what exactly happened to its assets. Some X (formerly Twitter) users suggested that there was a cold wallet containing cryptocurrency on the yacht that sank. They suggested that he try to restore access using a seed phrase.

What is the Stock-to-Flow model?

The Stock-to-Flow model is based on the idea of ​​researcher Nick Szabo. He believed that precious metals and collectibles were in short supply due to the difficulty of mining or creating them. This approach was used by investor PlanB when creating S2F for Bitcoin.

S2F has repeatedly become the subject of controversy among crypto market participants. In June 2022, Ethereum co-founder Vitalik Buterin criticized it and called it a failure. According to Buterin, Stock-to-Flow gives a false sense of confidence and certainty about Bitcoin.

Later, PlanB got into an altercation with the co-founder of Ethereum. He said his model worked until March 2022 and urged the community to “remember those who blame others when they fall.”

In September 2023, PlanB published another Bitcoin exchange rate forecast.

To be clear, I still stand by my January 12 prediction:

✅ Nov 2022 $15.5k was the bottom
✅ Bitcoin will rise towards 2024 halving. BTC already rose from $18k to $27k since Jan 12.
❓ 2024 halving will be >$32k ($32k-$66k IMO)
❓ 2025 bull market >$100k ($100k-$1m IMO) https://t.co/V74Y8VYCVo pic.twitter.com/VBjsHObMMl

— PlanB (@100trillionUSD) September 18, 2023

He suggested that after halving in 2024, the value of the asset could rise to $66,000. The bull market will begin in 2025, and the Bitcoin rate will exceed $100,000.