Idk how I feel about the chart, this cycle will tell. The stock to flow ratio does matter, golds is 62 because it takes 62 years for the supply/stock to double making it the best store of value.

Last I checked btc’s s2f ratio was 57, VERY close to gold, but after this halving it will surpass gold and leave it in the dust, I do think this is something worth keeping in mind and I’m interested to see if we end up correcting course or if it was indeed a misinterpretation of the ratio.