I can't believe BTC is still tracking the Stock to Flow Model so closely...
Can you believe the Stock to Flow is still working so well?
We've had the blueprint for what bitcoin would do when it would do it for years now.
Yet, no one believed it would actually continue to work, well at least most didn't.
They thought this time would be different, but look, it hasn't been:
(Source: https://twitter.com/100trillionUSD/status/1372922421200699394/photo/1)
If this keeps up bitcoin will break $100k by the end of this year and hit $288k by 2024.
Which if you know the cycles at all, that prediction is actually indicating it will likely happen well before that considering that will be mostly bear market after this peak.
Who hear believed this would continue to work so well several years ago?
I hoped it would, but was thinking it probably would deviate at least a little.
Not at all so far.
Stay informed my friends.
-Doc
I'm surprised it has followed it like that as well because the way it was stair stepped..... I figured it would go away from that.
The premise of mortgaging a Bitcoin to buy a house is more likely every cycle.