Bitcoin Stock-to-Flow Model is Complete Nonsense, Rips Bloomberg Editor

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. A price forecasting model that predicts bitcoin at … Read more…