Then it will invalidated those who predicted that the price will hit 6 digits at the end of the year? Specially his one:
Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity.
So we will see, either parabolic blowoff top or a rounded top will not happen as the price will continue to rise to $100k because of institutional investors involvement in the market.
Stock to flow is almost guaranteed to be invalidated. Everyone is looking at it and thats why it won't happen. We won't go past $100k because most people are expecting it to.
Even if only a few people knew about stock to flow, the model itself is flawed. Stock to flow in the tails is not accurate. A Charizard Pokemon card has a fixed supply and a stock to flow of infinite, so stock to flow says the price is infinite. My stained toilet paper also has a fixed supply so stock to flow is infinite. But unfortunately no one would buy it so it's value is $0.
It's demand that is more important in determining price. Stock to flown does not take into account demand at all