BTC is currently trading well below the stock-to-flow value. Does the model still have utility? What are your thoughts?
Has stock-to-flow broken down, or will it correct?
BTC is currently trading well below the stock-to-flow value. Does the model still have utility? What are your thoughts?
1 Comments
hanni@lemmy.one · 2 pts · 2y
The patten can hold, but the asset class is seeing clear diminishing returns. Relative price action is stabilizing with each cycle, as the market cap increases.