The creator of the Bitcoin Stock-to-Flow (S2F) model – PlanB – admitted that recently he made his third BTC investment. At the time of the purchase, the primary crypto was hovering around $20,000. Due to its significant price depreciation compared to the all-time high of $69,000 in November 2021, many people proclaimed Bitcoin dead in the past several months. However, PlanB revealed that each of his crypto investments was at a time when pessimism was reigning. "My first bitcoin investment was in 2015 at ~$400 (yellow circle). Most people said bitcoin was dead. My 2nd investment was in 2018 at ~$4000 when I published the S2F model. Most people said bitcoin was dead. My 3rd investment is now at ~$20,000. Most people say bitcoin is dead." Learn more about your ad choices. Visit megaphone.fm/adchoices