Jurrien Timmer, director of global macro at asset management firm Fidelity Investments, recently shared a modified version of the Bitcoin Stock-to-flow (S2F) model dubbed the S-Curve Model. Using the model, he predicted that bitcoin’s price could reach $144,000 within the next three years.
Jurrien Timmer Unveils Bitcoin S-Curve Model
The Bitcoin S2F Model is a popular forecast chart used to determine the price of BTC by dividing its existing circulated supply by the annual production of the asset. The model was created by a Dutch analyst with the pseudonym PlanB.
Timmer mentioned that he created the S-Curve model as a result of his dissatisfaction with a principle that the S2F model works with – scarcity being a primary driving force for Bitcoin price. Hence, he built the S-Curve model to “explain and model Bitcoin’s unique combination of exponential network growth and built-in scarcity.”
Bitcoin Could Reach $144k by 2025
In building his model, Timmer combined the mobile phone S-Curve and the internet adoption S-Curve. This brought the total models he used to three models, where the last one is the new model. Each model had a price prediction with it.
As the mobile phone adoption curve seems more feasible, it portrayed the best price prediction of approximately $144,000 per bitcoin by 2025. However, the modified model portrayed the price of BTC as reaching $63,000.
He further noted that as the end of the maximum 21 million supply of Bitcoin approaches, the quadrennial halving of the coin might have less effect on the price.
While Timmer said he is long-term bullish on Bitcoin, the current price of bitcoin and the general downtrend in crypto assets does not suggest a likely spike in price anytime soon.
After attaining an all-time-high (ATH) of $69,000 last November, the leading cryptocurrency is currently trading around $29,000, representing a 58% decrease from its ATH.
Notably, the current price performance is in stark contrast to bitcoin price predictions by S2F mastermind, PlanB. The pseudonymous analyst had predicted in February that bitcoin will reach $100,000 in the previous cycle following the S2F model.
