Brian
@chefBOYiB
PlanB, Stock to Flow (S²F), and the \$923,387 BTC (2028) Liked I've said before, this may seem intense, but I promise not only will it be worth it. I may just blow your mind 🤯 Who is PlanB? A Dutch former institutional investor with 25 years of experience. He has a background in legal and quantitative finance. The name "PlanB" refers to an alternative path for quantitative easing, negative interest rates, and currency debasement. In March 2019, PlanB applied the S²F model to Bitcoin What is the Stock to flow model and how does it apply to Bitcoin? Stock to Flow (S²F) tells us how long it takes to recreate supply, there by measuring the scarcity of the supply. To find the S²F number, divide STOCK by the FLOW ex. Gold has a stock or current global supply of 185,000 tons, and we globally mine 3,000 tons per year. Now we take the STOCK (185,000) divided by the FLOW (3,000) = 61.66666666… so let's round up to 62. 185,000 ÷ 3,000 = 61.6666… 62 years is how long it would take us to recreate or mine the current supply of gold. This gives us our S²F # of 62. Now what about Bitcoin.. We know the stock is currently 19 mil BTC. The flow is going to take a bit more math… Bitcoin miners are currently mining 210,000 blocks every 4 years (every halving), if we divide that by 4 (# of yrs) we get 52,500 blocks every year. The block reward is currently 6.25 BTC, so if we multiply the # of blocks mined per year (52,500) by the block reward (6.25) and we get 328,125 BTC mined per year (FLOW). Now take the STOCK (19mil) divided by the FLOW (328,125). 210,000 blocks ÷ 4 years = 52,500 blocks 52,500 blocks x 6.25 block rewards = 328,125 BTC p/yr 19,000,000 ÷ 328,125 = 57.9 So let's round that up to 58. 58 years to recreate BTC stock which is less than Gold's 62 years.. But wait, there's more! Bitcoin's block reward gets cut in half every 4 years, so that 58 years becomes 116 years in 2024 and so on.. **Edit - Bitcoin Halving " After every 210,000 blocks mined, or roughly every four years, the block reward given to Bitcoin miners for processing transactions is cut in half. This cuts in half the rate at which new bitcoins are released into circulation. This is Bitcoin's way of using a synthetic form of inflation that halves every four years until all bitcoins are released into circulation. " **End edit Something crazy is that BTC's S²F number is 1,856 years in the year 2040! Even crazier, the last BTC will be mined in the year 2140! With all this data S²F Model shows a \$923,387 BTC (2028) Now one thing this model can't predict however, is the "X variable" aka Elon Musk, China, US GOVT, SEC.. ect. Which brings us to the "Floor" model. This model has been on target for the last 2 months, and now seems like it's about to on a 3rd! The "Floor" model is not based on Stock to Flow but instead uses price and on-chain data. Aug - 47k X Sept - 43k X Oct - 63k Nov - 98k Dec - 135k ^ NOT FINANCIAL ADVICE! THIS IS A PREDICTION MODEL ONLY! Sources Guy @ Coin Bureau PlanB on Twitter #unbankyourself #crypto #cryptocurrency #cryptocurrencies #cryptoaddict #cryptoalert #cryptobeliever #bitcoin #bitcoinistheendgame #ethereum #cardano #public #publiccommunity #dyor #longterm #growth #learningtoinvest #feedyourbrain #learning #learningaboutcrypto #cryptotax #tech #technology #stocktoflow Not financial advice. DYOR. DCA. BTD. HODL.
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JSI uses funds from your Treasury Account to purchase T-bills in increments of \$100 “par value” (the T-bill’s value at maturity). T-bills are purchased at a discount to the par value and the T-bill’s yield represents the difference in price between the “par value” and the “discount price.” Aggregate funds in your Treasury Account in excess of the T-bill purchases will remain in your Treasury Account as cash. The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. T-bills are subject to price change and availability - yield is subject to change. Past performance is not indicative of future performance. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. As a general rule, the price of a T-bills moves inversely to changes in interest rates. Although T-bills are considered safer than many other financial instruments, you could lose all or a part of your investment. See Jiko U.S. Treasuries Risk Disclosures for further details.

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