Christmas Gift 2021: $50K BTC After PlanB $100k Miss

Following an epic fail from pseudonymous analyst, PlanB, Bitcoin was trading at $50,000 on December 25th, avoiding an unwelcome Christmas Day surprise for BTC bulls.

PlanB Model Fails Bitcoin

PlanB’s model failed many crypto investors who must be looking at their portfolios with disappointment, as the pseudonymous analyst’s $100,000 Bitcoin prediction did not come true on December 25.

BTC/USD maintained $50,000 support into the weekend, according to TradingView data, after ranging following local highs above $51,500.

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As the Christmas season began, the pair remained placid, with thinner liquidity yet to manifest itself in the form of violent price movements.

With most traders and analysts taking a break from trading and analysis, the $1 trillion market cap valuation level at $53,000 remained the closest upside objective.

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BTC trading at $50k. Souce: TradingView

PlanB made a point of separating his floor model from the Bitcoin stock-to-flow model. The floor model failed in November and December, according to the analyst, as it did not reach the minimum expected costs of $98,000 and $135,000, respectively.

PlanB had previously stated that if Bitcoin did not reach $100k in December, his stock-to-flow model would be invalidated, but he now appears to be changing his mind. Instead, PlanB stated in a recent tweet,

PlanB, reportedly stated this summer that if the Bitcoin price did not reach $100,000 in December, he would consider S2F useless.

Related article | Plan B: The Next 6 Months Will Make Or Break Famed Bitcoin Model

Is Next Year PlanB’s Plan B

Following criticism over Twitter statements he claims were misinterpreted, PlanB noted that Bitcoin would continue to follow his model’s projections.

Investors and experts are split. While many investors are debating if the floor model failure marks the end of S2F, Willy Woo, a Bitcoin on-chain analyst, has a different perspective. PlanB’s opinion did not define S2F, according to Woo, because models existed independently of their designers. He wrote on Twitter,

“A model is a model. We can look back on it years from now and know whether it gets invalidated. Certainly not from some arbitrary line in the sand, even if it’s from the creator.”

While a prediction from the recently invalidated floor model of $135,000 this month proved to be unduly optimistic, that figure as an average price for this half cycle remains in play. PlanB has previously stated that models do not have to be perfect in order to work.

Related Reading | Why This U.S. Congressman Compared Bitcoin Investment With Playing The Lottery


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Child prodigy with 162 IQ wants cryptocurrency for Christmas and gets it

The wish of owning cryptocurrencies this Christmas came true for a 12-year-old schoolkid with an intelligence quotient (IQ) higher than Albert Einstein. 

Barnaby Swinburn, a resident of Bristol, England had asked for two Christmas presents, a Mensa test for testing his IQ and a cryptocurrency portfolio. According to BristolLive, Swinburn scored the highest possible score of 162 on the test, beating Einstien’s IQ of 160. As a result, the schoolboy became a member of the high-IQ society, which intakes the top 2% of the highest Mensa scorers.

Speaking about cryptocurrencies, Swinburn’s mother Ghislaine said:

“He’s been watching the markets. He’ll be getting an envelope with money in it for Christmas which he’ll turn into cryptocurrency.”

In tune with his interest in crypto, Swinburn wants to grow up to become a programmer. “He’s already looking at university courses, and he wants to go to Oxford,” Ghislaine added.

Related: Brazilian toddler makes over 6,500% profit on her first Bitcoin holding

A Brazilian father gifted his newborn daughter 1 Bitcoin (BTC) back in 2017 when it was priced at roughly $915.80. Fast-forward four years, the young girl witnessed a return of over 6,500% as BTC surged above $60,000 back on Oct. 17.

The father, João Canhada, who is also the founder of a Brazilian crypto exchange Foxbit, later realized that the year 2017 was the last chance for him to purchase Bitcoin under $1000:

“As soon as my daughter was born, in 2017, I bought 1 Bitcoin for her, not just as a gift, but as a way of investing in this new economy. At the time, BTC cost 5,000 Brazilian Real.”