Bitcoin (BTC) is usually considered a digital commodity, with strong economic fundamentals to be a long-term Store of Value (SoV) due to having a programmed and limited supply inflation through mining, that is halved every four years.
Interestingly, the stock-to-flow model used by economists to evaluate gold, silver, platinum, and other SoV commodities was also started to be applied to Bitcoin by a Twitter (now X) pseudonymous influencer called PlanB (@100trillionUSD).
According to price projections created by the well-known influencer and broadly reproduced by analysis platforms such as Coinglass, one Bitcoin should be worth $51,692 by September 14, 2023. However, 1 BTC is priced at $26,400 by press time. A value close to two times lower than the model’s ‘fair value’.
Bitcoin Stock-to-Flow model. Source: Coinglass
What is the stock-to-flow model, how it works, and what are its limitations to Bitcoin?
Notably, the description of how the stock-to-flow model works already suggests
We współpracy z: https://finbold.com/bitcoin-price-should-be-2x-higher-according-to-stock-to-flow-model/
