this post was submitted on 06 Oct 2023
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cryptocurrency

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BTC is currently trading well below the stock-to-flow value. Does the model still have utility? What are your thoughts?

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[–] hanni@lemmy.one 2 points 1 year ago* (last edited 1 year ago)

The patten can hold, but the asset class is seeing clear diminishing returns. Relative price action is stabilizing with each cycle, as the market cap increases.