RATE Group | Bitcoin Price Matches Stock-to-Flow Forecast as $100K Halving Nears
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Bitcoin Price Matches Stock-to-Flow Forecast as $100K Halving Nears

20 Jan Bitcoin Price Matches Stock-to-Flow Forecast as $100K Halving Nears

Posted at 13:09h in Bitcoin News by

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Bitcoin (BTC) now almost perfectly aligns with the historically accurate price chart, which has charted its growth from pennies to digital gold.

According to data from Digitalik, a resource that monitors Bitcoin’s position relative to the Stock-to-Flow model, as of Jan. 20, BTC/USD is exactly where it should be. 

$8.6K Bitcoin sticks rigidly to forecasts

Stock-to-Flow measures the Bitcoin price using two factors: the stock — the number of Bitcoins in circulation — and the flow, which is the number of new Bitcoins entering circulation. 

Bitcoin’s low emission rate relative to its existing supply — like gold — means Stock-to-Flow constitutes useful evidence in the argument that Bitcoin is “digital gold.”

The cryptocurrency’s run-up to $9,000 last week took it slightly over where Stock-to-Flow pricing forecasts suggested it might trade. 

Bitcoin price versus Stock-to-Flow

Bitcoin price versus Stock-to-Flow. Source: Digitalik/ PlanB

At press time, however, BTC/USD traded at $8,680 — just $150 above the…

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