The notorious stock-to-flow model that was perfectly predicting the direction of Bitcoin’s movement until the massive correction we saw in May and June suggests that the king crypto (BTC) will reach $72,000 this week, but it is unlikely to happen.
Previously, a Fidelity analyst explained why S2F is no longer accurate and will not be in the future. S2F’s main source of prediction is the scarcity of the asset, which cannot drive the Bitcoin price alone, especially in modern markets.
With Bitcoin, we should add adoption to scarcity to see better results. Unfortunately, it is almost impossible to accurately calculate the technology’s adoption rate in the future even if we compare it to similar technologies like mobile devices or the internet.
👕 Crypto Merch:
🔥 Daily Letter:
🔥 Blog / Podcast:
🔥 YouTube:
🔥 Spotify:
🔥 iTunes:
🔥 Twitter:
🔥 Facebook:
🔥 Telegram:
🔥 TikTok:
Show Notes / News Resources:
✔ Bitcoin Technical Analysis:
✔ 3 Charts Showing BTC Price Drop:
✔ BTC Minining Revenue Mirrors 2021 Lows:
✔ Bitcoin $72K Prediction This Week:
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews #cryptocurrency #btc
