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.
No it's not. Havings are less important each epoch. Majority of the coins are already in circulation.
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Which means they are less important to existing #Bitcoin holders and twice as important to non-holders (i.e. the vast majority).
Why? Non holders buy sats from the existing holders.
But a holder would sell for the same value as a newly mined coin (if at all).
