Is Bitcoin Stock-to-Flow Model Complete Nonsense?
Joe Weisenthal, Bloomberg Markets editor thinks it is:
Bitcoin Stock-to-Flow Model is Complete Nonsense, Rips Bloomberg Editor
- Bloomberg Markets editor bashes the Bitcoin Stock-to-Flow model for allegedly mispredicting the cryptocurrency price.
- Joe Weisenthal says scarcity is not an influential factor in pricing bitcoin in the future.
- People only need to bid up the price of existing bitcoin to make it more expensive, he argues.