My gut is telling me S2F falls apart soon. In shambles and an afterthought by March 2022.
Hope I'm wrong, but I think we should expect a slower rise than some are anticipating.
I don't think S2F adequately compensates for the reduced effect of halvings. We're nearly at 90% mined. Supply is basically already fixed. Demand is what will drive appreciation.
Isn't S2F all about halvings? It's called Stock to Flow based on what is being mined or what supply is coming in, compared to what is already there.
Stock to flow is only about halving.
I dedicated a lot of time to study that model:
Indeed,I will tell you more: the Stock to flow is going to break 100% in the future.
In a few halving at best, the stock to flow is going to break, either because Bitcoin is going to break, or because the dollar is going to break. Your choice.