## Bitcoin Stock-to-Flow: Deciphering the Depletion Principle in Cryptocurrency Valuation
Since its launch in 2009, Bitcoin has revolutionized the understanding of what constitutes a currency. It is the first fully decentralized, transparent, and digital monetary unit that attracts both retail investors and institutional players. Its history is full of dramatic surges—remember the rise to $69,000 in November 2021—and equally sharp declines, indicating high asset volatility.
This unpredictability raises a complex question for investors: how to determine the fair value of Bitcoin in the long ter
View OriginalSince its launch in 2009, Bitcoin has revolutionized the understanding of what constitutes a currency. It is the first fully decentralized, transparent, and digital monetary unit that attracts both retail investors and institutional players. Its history is full of dramatic surges—remember the rise to $69,000 in November 2021—and equally sharp declines, indicating high asset volatility.
This unpredictability raises a complex question for investors: how to determine the fair value of Bitcoin in the long ter