400th Episode!

I explained 6 years ago why Plan B’s Stock-to-Flow Bitcoin model was doomed and would fail. Few believed me. Most insulted me. Today, I can confidently declare that I was right and Plan B was wrong. Watch the video of this episode**!** Also, watch my May 2020 video that started all the controversy and read the detailed article about why Plan B’s stock-to-flow model was doomed! In mid-2026, with the price of Bitcoin languishing around $65,000, below the lowest stock-to-flow band, we can officially declare that Plan B’s stock-to-flow model is dead. I waited until Bitcoin was consistently below the outer bands before declaring “victory” in my debate with Plan B. It’s a Pyrrhic victory because I was hoping all along that he would be right and I would be wrong, since I have stacked bitcoin. Unfortunately, time proved me right. Ultimately, Plan B’s model was only good for one Bitcoin cycle. Given how wide a price band the model has, it’s unsurprising that it lasted for four years. However, it couldn’t keep up with the aggressive, uber-optimistic price prediction. **What do you think?** **Put your thoughts in the comments.** **Connect** Send me an anonymous voicemail at SpeakPipe.com/FTapon You can post comments, ask questions, and sign up for my Substack newsletter. If you like this podcast, subscribe and share! On social media, my username is always **FTapon**. Connect with me on: \* YouTube \* Facebook \* Instagram \* X \* TikTok \* LinkedIn **Sponsors** 1\. My Patrons sponsored this show! Claim your monthly reward by becoming a patron for as little as $2/month at https://Patreon.com/FTapon 2\. For the best travel credit card, get one of the Chase Sapphire cards and get 75-100k bonus miles! 3\. Get $5 when you sign up for Roamless, my favorite global eSIM with its unlimited hotspot & data that never expires! Use code **LR32K** 4\. Or get 5% off when you sign up with Saily, another global eSIM with a built-in VPN & ad blocker. 5\. Get 25% off when you sign up for Trusted Housesitters, a site that helps you find sitters or homes to sit in. 6\. Start your podcast with my company, Podbean, and get one month free! 7\. In the United States, I recommend trading cryptocurrency with Kraken. 8\. Outside the USA, trade crypto with Binance and get 5% off your trading fees! 9\. For backpacking gear, buy from Gossamer Gear 10\. Get nomadic travel insurance from SafetyWing! Get full access to Francis Tapon at ftapon.substack.com/subscribe