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Three reasons why PlanB’s stock-to-flow model is not reliable
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cointelegraph.comIn the last couple of years, the stock-to-flow model proposed by PlanB has become very famous. A quantitative study published on the site planbtc.com shows the model and the prediction that Bitcoin (BTC) could reach the capitalization of $100 trillion. Obviously, the crypto industry, including myself, was fascinated by the logic of the model and even more so by the idea that it could reach and exceed $100,000 as early as 2021.
In fact, the stock-to-flow model assumes that there is a relationship between the amount of a precious metal that is mined each year (flow) and the amount already mined previously (stock).
For example, the gold that is mined each year is just under 2% of the gold in circulation (held by central banks and individuals).
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