Replying to Avatar PlanB

Saying S2F model is "wrong/invalid/broken", means saying BTC price pumps after 2012, 2016, 2020 halvings (red arrows) are coincidences, random, unrelated to halvings.

Possible, but I disagree. IMO 21M cap, supply schedule, 4y halving cycle are fundamental to BTC price. IMO the halving will probably be at S2F model value $60k (dark blue) and BTC will pump after the halving (red), just like 2012, 2016, 2020 halvings.
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Brisket 2y ago

I like the ∞/21m model personally.

I think eventually S2F gets invalidated to the upside as we move into & past bitcoin's early adopter phase.

Scarcity by itself doesn't equate to value particularly in something that is infinitely divisible & fungible. NFTs will eventually demonstrate this.

I suspect that we may still be only just moving into the early adopter phase for Bitcoin.

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