ICYMI: Fidelity's Jurrien Timmer suggests a better way of analyzing the adoption and rise of Bitcoin BTC $BTC
and enthusiasts. The metric is one of the most commonly used tools for determining the next high or low. But Timmer has his own view on it and suggested a better way of approaching stock and adoption data.The analyst's main problem with the current S2F model was that scarcity cannot drive the price alone. Scarcity alone cannot be used to push the value of an asset if it is not adopted, used or has any other usage.
The close-up below shows that this more modest supply model has been more accurate than the original S2F’s projections for this halving cycle. /15
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