I wanted to share with the LEO fam a bit of BTC hopium tonight!
The 4 YEAR Multiple of Stock to Flow model is a great way to see the big picture, and it generally has a rainbow at the end of the cloudy days.
BTC is at very interesting point in its lifecycle and from 2020 to 2021 A BIG in crease in price was to be expected with this model.
Unfortunately so far we haven't seen quite that type of activity, but there is still a few months left and Nov/Dec have proven to be some of the most BULLISH months for BTC in the past.
I do believe this Nov/Dec we will see some action heating up, although this is also an election year so a lot of things can happen. We can't just look at charts and Prediction models, but sometimes it's nice to just dream a little :)
So for tonight, sit back and enjoy this Hopium!
@originate Developer & Market Analyst