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.

https://www.ccn.com/bitcoin-stock-flow-model-complete-nonsense-bloomberg-editor/

Master Asked on December 24, 2019 in Bitcoin.
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