Bitcoin Stock-to-Flow Model, Rooted in ‘Hard Money’ Narrative, Goes Off Course

Bitcoin Stock-to-Flow Model, Rooted in ‘Hard Money’ Narrative, Goes Off Course

One of the most widely used charts for predicting massive future bitcoin price gains is showing the largest divergence since January 2019. 

The bitcoin stock-to-flow model currently suggests that the price of bitcoin should be around $77,900. But as of Monday, the cryptocurrency was trading at $33,668, well off the all-time high price of $64,829 reached in April. 

Crypto analyst ‘PlanB’, who has been documenting his stock-to-flow model since March 2019, tweeted that BTC/USD is now the…


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