Why should stock-to-flow matter?

Imagine 3 pools of people: HODLers — they want to not sell, and, accumulate bitcoin Traders — they want to extract fiat out of the market, but not accumulate bitcoin (any bitcoin they buy, they will eventually sell back) Miners — they produce bitcoin. They are a mix of HODLers, Traders, and pure miners. Pure … Continue reading Why should stock-to-flow matter?