Bitcoin whale refutes predictive power of stock-to-flow model, deems it “dangerous”BTC $7163 (-0.9%) • ETH $166 (+1.4%) • XRP $0.19 (-0.2%)
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Many embattled cryptocurrency investors have been pinning their hopes for 2020 being a positive year for Bitcoin on its widely lauded stock-to-flow (S2F) economic model, which suggests that the benchmark crypto could be trading at roughly $100,000 by 2021. The S2F model, however, may be underpinned by false assumptions according to a recent report, and the damage done by it being invalidated will potentially be grave for some traders. This comes as one prominent Bitcoin whale notes that overly simplified economic pricing models like S2F are incredibly “dangerous” for the tens of thousands of traders who may mistake the theories as valid due to the hype surrounding them. More news ⏬Cardano (ADA) parent company—IOHK gets a new CTO
IOHK—Cardano’s (ADA) parent company has expanded its leadership team, hiring former Dell and BNP Paribas executives to lead the company’s commercial and technology divisions. Bitcoin is the strongest performing major asset of 2020 and the past decade
There’s no question that 2020 has been a volatile year for Bitcoin, with the relatively small and immature crypto market incurring some significant turbulence alongside that seen by virtually all traditional markets. Ethereum sees rocketing open interest and futures volume; here’s what this means
Ethereum has found itself caught within a firm and unwavering uptrend throughout the past 48-hours, with Bitcoin’s surge past $7,000 providing ETH with some significant momentum that has allowed it to outperform the aggregated market. Bitwise “increasingly bullish” on intermediate outlook for crypto, cites real money inflows
The Bitcoin price has made a V-shape recovery from $3,600, following a capitulation-esque fall on March 12. The rising network growth of these Ethereum ERC-20 tokens suggests a bullish outlook
Many cryptocurrency projects within the industry are still suffering from the significant downturn the market suffered during Black Thursday. What else?🎮 No, your Nintendo Switch isn’t mining crypto as you play Cooking Mama 📈 Analyst: this simple Ethereum structure point towards a quick recovery to $200 📈 $1.6 billion: recent Bitcoin volatility liquidates billions, sends open interest reeling Featured event
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