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Burger Crypto: Reviewing the Stock-to-Flow Model for Bitcoin Valuation

Marcel Burger of BurgerCrypto.com reviews the stock-to-flow model of bitcoin’s value. This report is compiled from analysis performed between June 2019 and May 2020, and concludes that the absence of a spurious relationship is unconvincing.
Noelle Acheson
Noelle Acheson is host of the CoinDesk "Markets Daily" podcast, and author of the Crypto is Macro Now newsletter on Substack. She is also former head of research at CoinDesk and sister company Genesis Trading. Follow her on Twitter at @NoelleInMadrid.
