PlanB: Based on the S2F model, the next Bitcoin halving cycle could reach $500,000.

BlockBeats reported on July 19th that crypto analyst PlanB updated his Bitcoin S2F valuation model on social media, stating that "based on the latest data and the average S2F ratio and BTC price of the halving cycle: For the current halving cycle, the model predicts a Bitcoin price of $54,000, while the actual average price is $31,000. For the 2016-2020 halving cycle, the model predicts a Bitcoin price of $4,400, while the actual average price is $5,800. In my opinion, the model's error is within an acceptable range, and S2F is not invalid, but I think this is a personal decision. I focus on the Bitcoin price being $500,000 in the next halving cycle (there may be a large positive or negative error)."