Power Law is the bear case. It was published in response to S2F popularity.
Stock to flow is more representative of true free market dynamics.
Discussion
so would you say that stock to flow is more accurate and not a bad model to follow ?
I personally believe that without market manipulations (i.e. FTX last cycle, ??? this cycle) we would be closer to S2F valuation rather than the Power law valuation.
But obviously weāre not there with respect to price so I am wrong. But I donāt think I am wrongā¦but I am still wrong.