Аналитик Bitwise подчеркивает ограничения модели S2F в прогнозировании цен на биткоин Translation: Analyst from Bitwise highlights the limitations of the S2F model in forecasting Bitcoin prices.

The S2F model does not take into account critical demand factors, so it should be used cautiously for forecasting the price of the leading cryptocurrency. This was stated by Bitwise’s chief analyst, Andre Dragosh.

According to him, the S2F model is solely based on Bitcoin halvings, neglecting the changing levels of interest in digital gold.

«Currently, institutional demand through Bitcoin ETPs and treasury holdings exceeds the annual reduction in supply from the last halving by more than seven times,» he pointed out.

Dragosh emphasized that exchange-traded funds and other investment products have established a price foundation for the first cryptocurrency, helping to maintain its value above $100,000. This has fundamentally altered the market landscape compared to previous cycles, which were primarily driven by retail investors, the analyst noted.

According to the S2F model, in the current cycle, the price of Bitcoin could reach $222,000. At the time of writing, the digital gold is trading around $115,000.

The historical peak price of the first cryptocurrency was recorded on October 6, hitting $126,080, as reported by CoinGecko.

Earlier, the creator of the S2F model under the pseudonym PlanB stated that the bullish phase of Bitcoin is not yet over. He indicated that fundamental indicators suggest continued growth.

In September 2024, the expert predicted a rally for digital gold to reach $1 million by the end of 2025.