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Bitcoin and the Stock to Flow Model | Binance Academy

academy.binance.com · 2,551 words · saved by 1 readers

The Stock to Flow model treats Bitcoin as a scarce digital asset that should retain its long-term value, potentially better than gold or silver.

Key Takeaways The Stock to Flow (S2F) model measures scarcity by dividing the total existing supply of a resource by how much new supply is produced annually; a higher ratio indicates greater scarcity. Bitcoin's Bitcoin halving mechanism reduces the flow of new coins roughly every four years. After the 2020 halving, Bitcoin's S2F ratio rose to approximately 56, surpassing gold for the first time. The S2F model has shown historically high correlation with Bitcoin price cycles but underperformed following the 2024 halving, with price action diverging from model projections. A key…

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