Swan's CEO Cory Klippsten and his team have criticized the Bitcoin prediction model, Stock-to-Flow (S2F), created by long-time analyst PlanB, calling it a "false narrative" and "worthless garbage." They accused PlanB of promoting scammy casinos and being a charlatan. However, supporters of the S2F model argue that historical data and Bitcoin's price behavior align with its predictions, while critics point out the complexity of the cryptocurrency market.
Steven Lubka, the Managing Director at Swan, criticized the use of the S2F model by Bitcoin enthusiasts, calling it a "shitcoin marketing narrative" and arguing that the value of Bitcoin comes from its fundamental value generated by the system as a whole. PlanB responded by accusing the Swan team of using ad hominem and borderline abusive tactics. Some members of Crypto Twitter defended PlanB, stating that while the S2F model is not perfect, it can offer guidance in predicting the price of BTC.
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