Why New Bitcoin Investors Shouldn’t Be Deterred By The Scarce BTC Supply
Bitcoin has recently caught fire with institutions, corporations, and hedge funds in 2020, as a defensive strategy to protect wealth against the non-stop money printing press that was turned on after Black Thursday. The store of value and safe haven narrative is focused primarily on the cryptocurrency’s hard-coded scarce supply of just 21 million BTC. […]
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Shiba Inu is no longer an unknown cryptocurrency in the crypto space. It has grown to be one of the top and most popular coins in the market despite having no utility to speak of. This has however not deterred the community support for the meme coin. Sitting at 11th place on the list of […]
Plan B’s stock-to-flow model is the closest it’s ever been to being invalidated as Bitcoin stagnates in the $30,000 range. As the price of Bitcoin (BTC) continues to struggle around the $30,000 mark, the widely accepted stock-to-flow (S2F) model to price Bitcoin, coined by Twitter user and unnamed Dutch investor Plan B, is now the farthest from its estimates. The model was popularized by the Twitter pseudonym more than two years ago in March 2019 and amid a minor bull through Q1 2019. It’s considered to be one of the leading quantitative valuations for the first-ever scarce digital....
Bitcoin is "scarce" (and therefore valuable) when demand for it exceeds the available supply, not because of its 21 million hard cap, says our columnist.