With Bitcoin’s Crash, is the Stock-to-Flow Model Broken?
23 May 2021 1 minute read 3 comments MarkHelfman
Stock-to-Flow model (S2F) says bitcoin’s price should be approximately $80,000 today. Its “better” version, S2Fx, says bitcoin’s price should be even higher. Yet, bitcoin’s price is roughly $34,000 as of this post. Is the model broken? Variation is...