TechFlow news, analyst PlanB stated that Bitcoin is approaching the one-year anniversary of its halving event, and his S2F model indicates that Bitcoin has transitioned from the "red dot" to the "orange dot" phase, signaling the bull market has entered its second stage—intense FOMO.
Regarding long-term sustainability concerns about the S2F model, PlanB responded that the model implies the US dollar may eventually come to an end. Therefore, either the dollar will collapse or the S2F model will fail. However, he believes it is not impossible for the dollar as a reserve currency to be replaced by a new global reserve currency.
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