> That is the staying power of scarcity via well known stock to flow ratios.
Could you please explain this sentence? What is a stock to flow ratio? How/why is the well-knownness of it matters? How scarcity builds on top of this?
Could you please explain this sentence? What is a stock to flow ratio? How/why is the well-knownness of it matters? How scarcity builds on top of this?
I don't know why you are getting downvoted :(
Also, why would the price go up in May after the halving? Why would people just start to buy BTC? Okay, sure the graph say it will, and negative interest rates and so on. But gold seems to hold better. ( https://fred.stlouisfed.org/graph/?g=qlDu ) Maybe it's just because BTC is not hundreds of years old and this shock led people to cater to their primal instincts and hoard papers about shiny things.
We shall see.