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Bitcoin’s Stock-To-Flow (S2F) Model Validated as the Cryptocurrency Becomes Bigger Than Tesla, Walmart, and Berkshire Hathaway

NewsTech

Published:

Bitcoin Spot Bitcoin ETFs

What a vindication for Bitcoin's bulls! Despite the greater part of the financial community gleefully pronouncing Bitcoin's obituary for the umpteenth time in 2022/2023, the world's pre-eminent cryptocurrency has again roared in defiance, zooming past the $1 trillion valuation for the first time since December 2021. Many thought the launch of spot Bitcoin ETFs in the US would mark the top for the crypto sector in general. Those prognostications, however, have proved to be egregiously wrong. As shown in the above snippet, these ETFs have now attracted $3.89 billion in net inflows, providing a robust tailwind to Bitcoin's latest flight. […]

Read full article at https://wccftech.com/bitcoin-stock-to-flow-s2f-model-validated-as-the-cryptocurrency-becomes-bigger-than-tesla-walmart-and-berkshire-hathaway/

WccftechContinue reading/original-link]

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