Bitcoin should trade at around $72,000 according to this price model, but it has many flows
With Bitcoin, we should add adoption to scarcity to see better results. Unfortunately, it is almost impossible to accurately calculate the technology's adoption rate in the future even if we compare it to similar technologies like mobile devices or the internet.
The current deviation from the price model is one of the biggest the market has seen in the history of its existence, suggesting that stock-to-flow can no longer be used for determining future price levels of Bitcoin.The reason why S2F's price forecast is unlikely to happen is the inability of retail traders alone to push the price of the digital gold as high as the model suggests. As U.
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