PlanB "Money flows into BTC spot ETFs...no alt season"

PlanB "Money flows into BTC spot ETFs...no alt season"

Popular Dutch analyst PlanB, the creator of the Stock-to-Flow (S2F) model for predicting the price of Bitcoin, predicted on X (formerly Twitter) that "there will be no alt season in this cycle". "I don't think there will be an altcoin season this cycle because all the new money will go into BTC spot ETFs. We will see the BTC price move like the S2F model around the April 2024 BTC halving, or even earlier if the BTC spot ETF is approved before then."