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Inherently flawed compared to what model? Have you cross checked-it with other models? I think it's amazing how well a simple model with just 2 variables can e
by xiphias2 7y ago
Inherently flawed compared to what model? Have you cross checked-it with other models?
I think it's amazing how well a simple model with just 2 variables can explain the difference between Bitcoin price movements in the first few years and later years.
Time based models are so much worse that it's crazy. I don't know any model that comes even close to it.
Anyways stock-to-flow predicts that for a halving of money issuance the demand for the asset as expressed in market cap will be 8x.
If course market cap is a strange and not perfect metric for demand, but that's still the best we have for comparing assets and asset classes.