Nearly after three years, Plan B, a Dutch institutional investor and Bitcoin analyst renowned for the Stock-to-Flow model, has recently slammed Ethereum (ETH), calling it a “centralized, present shitcoin.”

On April 20, Plan B posted on X (formerly Twitter), mentioning that “Ethereum is really not looking good now.” The post further called Ethereum a ‘shitcoin’ and asserted that it is ‘centralized and present.’ He further added that Ethereum is harmful and deserving of all the mockery they get.

Three years ago, Vitalik Buterin, the co-founder of Ethereum, slammed the anonymous analyst behind Bitcoin’s Stock-to-Flow model of Plan B, which tries to speculate the price of BTC based on the ratio between its current supply and the rate of fresh issuance through mining. Since then, Plan B remained silent on the matter and chose to speak yesterday after three years.

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