Bitcoin (BTC) competes with gold according to the stock-to-flow metric

Bitcoin (BTC) competes with gold according to the stock-to-flow metric
фото показано с : coinstelegram.com

2019-10-3 13:32

Bitcoin is compared with gold and is titled “digital gold.” Now this is not just a beautiful metaphor. Financiers make convincing arguments and use the method of gold price forecast in relation to bitcoin.

A popular metric for precious metals is Stock-to-Flow ratio, or S2F. It is often used to predict the future price of precious metals. It is the result of dividing stored reserves by annual production.

One of the largest German banks, BayernLB, conducted an analysis and found that the same metric has been successfully applied to bitcoin. The bank report, in particular, stated:

– What is certain is that Bitcoin’s stock-to-flow ratio will increase drastically in May 2020 – i.e. after the next halving – from around 25.8 at the moment to almost 53. By contrast, gold’s stock-to-flow ratio (currently in the vicinity of 58) will only be insignificantly (if at all) higher next May. If the May 2020 stock-to-flow ratio for Bitcoin is factored into the model, a vertiginous price of around USD 90,000 emerges.

The report notes that bitcoin total supply limited by 21 M makes BTC “ultra-hard currency” (Bitcoin’s digitally capped supply of 21 million coins makes it an “ultra-hard” type of money).

Forecast:Next year, it will already exhibit a similarly high degree of hardness as gold. In 2024 (when halving is set to take place again), Bitcoin’s degree of hardness will again increase massively.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Golos Gold (GBG) на Currencies.ru

$ 0.0077733 (-2.90%)
Объем 24H $0
Изменеия 24h: -17.51 %, 7d: -17.17 %
Cегодня L: $0.0077733 - H: $0.0095975
Капитализация $99.238k Rank 99999
Доступно / Всего 12.767m GBG

gold bitcoin metric stock-to-flow price precious popular

Источник: coinstelegram.com

gold bitcoin → Результатов: 126


Фото:

Saylor says Bitcoin will ‘eat gold’ in the coming months

MicroStrategy executive chairman Michael Saylor predicted that Bitcoin will “eat gold” in the coming months because it is a far superior asset in every way. The MicroStrategy chair made the statement during a CNBC interview on March 11, where he added that Bitcoin was not only superior to gold but all conventional assets, including real […] The post Saylor says Bitcoin will ‘eat gold’ in the coming months appeared first on CryptoSlate.

2024-3-12 02:30


Bitcoin Is Replacing Gold At An “Accelerating Pace”

The narrative taking place across the finance industry, is that cryptocurrencies like Bitcoin and Ethereum are the way of the future and gold’s days are numbered as a store of value. While the “digital gold narrative” has already taken a major dent out of the precious metal’s momentum, according to a top Bloomberg Intelligence analyst, “most indicators point to” Bitcoin replacing the aging asset an an “accelerating pace.

2021-3-9 19:44


Фото:

CoinShares’ Demirors: The Market Cap of Bitcoin Will Far Exceed That of Gold

‘Bitcoin is the digital gold’ is a narrative that has become quite common. However, according to Coinshares’ Meltem Demirors, Bitcoin is much more than just a digital replacement for gold. Demirors who is the chief strategy officer at the digital asset management firm, CoinShares believes that Bitcoin will soon outdo gold in market cap despite […]

2021-2-15 15:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Что случилось с S2F? Взгляд на популярную модель оценки цены биткойна

Автор Bitcoin Magazine Christopher Burge высказал своё мнение относительно справедливости критики модели оценки цены биткойна S2F. Одним из самых захватывающих аспектов биткойна является его исторически стремительный рост цен.