Great read by @100trillionUSD
Using the Power of Law, he predicts the market value for #bitcoin after May 2020 #halving is $1trn, which translates in a bitcoin price of $55,000 .
His #quantmodel fits with r-squared=95%
The author uses the ratio Stock-to-Flow=Stock/Flow to compare precious metals that have an unforgeable scarcity due to the costliness of their creation.
Every halving, bitcoin SF doubles and market value increases 10x, this is a constant factor.
#Exponential#growth cannot be sustained for decades and your line will most likely over time get closer to the average of the other markets you are displaying on your chart.
The study is a bit skewed. You can't compare apples with oranges...The markets you are comparing bitcoin with have decades of history.... I would suggest to wait 20 years before making these types of comparison....
According to the past 5 months of data, the monthly correlation between Bitcoin CME volumes and price is somewhat predictive of the monthly return with probability 80%.
“Hereby ordered to start taking your business out of China”. Really? Did we bestow dictator status on @realDonaldTrump Like I tweeted earlier, the slide has started. Trump is nervous and panicky and impulsive. Take the field vs Trump. And buy $btc. It’s gonna get messy
No clear #advantage of #rebalancing your #cryptocurrency#portfolio.
In red, each month each of the 20 stocks are rebalanced with 5% target weight.
In blue, the portfolio is not changed and #weights are left drifting away from the 5%.