As much as I believe bitcoin will appreciate significantly in value, I am a bit skeptical of the S2F model. It’s critics have a good point that as you go out farther it predicts increasingly ridiculous bitcoin prices which means that at some point the model will break down. There is no way to know when it will break down, and it could very well be now/this cycle. The model works until it doesn’t.
RE: The Stock to Flow Model says Bitcoin will hit $100k by end of 2021