400th Episode!

400th Episode!

June 22, 2026 · 13 min · Episode 400

About this episode

In this 400th episode, Francis Tapon discusses the failure of Plan B's Stock-to-Flow Bitcoin model and reflects on his predictions over the years.

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…

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