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The Stock-to-flow model as a valuation method for Bitcoin


Author: Leonardo Malighetti


Since the historical maximum of Bitcoin in December 2017, its price has been subjected to heavy corrections and price swings, bottoming at slightly more than $ 3,000 during what was then called the “crypto winter” in December 2018. After that, it has been consolidating in a very wide range, moving in not very predictable trends. So far in the year, the price stabilized in a tight range above $ 9,000 after the huge dip during the peak of the COVID pandemic in Europe during March, but without breaking the critical level of $ 10,000. The breaking of this resistance, which will eventually become the next most important support for Bitcoin, is paramount for starting the next and long overdue bull run. In fact, according to