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Why the Stock-to-Flow Bitcoin Valuation Model Is Wrong

The popular stock-to-flow bitcoin valuation model has the air of academic rigor. Unfortunately, it's just math-laden marketing.

Updated Sep 14, 2021, 8:57 a.m. Published Jun 30, 2020, 1:36 p.m.
(Viktor Kern/Unsplash)
(Viktor Kern/Unsplash)