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Ethereum’s Vitalik Buterin Now Bitcoin Price Analyst Too

Ethereum (ETH) Co-founder Vitalik Buterin keeps criticizing the stock-to-flow (S2F) model, though agreeing that a lack of correlation between the rise in bitcoin (BTC) price and the coin’s halving isn’t enough to do away with this popular and disputed model.

The theory that the halving causes a price rise is “unfalsifiable” due to the inconsistency in price increases, Buterin tweeted on Sunday.

Can we really call them bubbles? Price rises and falls for certain, but it always leads to gains in interest and adoption, and each is bigger than the last. They are more than mere bubbles. Next one should be appearing in about a year. Halving probably has some effect

— Eric (@Eric65878189) June 14, 2020

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The market has changed. S2F misconception by many reasons. Main problem with S2F model is that it’s predict that BTC price invariantly tend to $infinity, but this is nonesense, since there will exist 21000000 $infinities.https://t.co/xbLNxE6WMq

— Bitcoin Theory (@TheoryBitcoin) June 14, 2020

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Precision in price discovery doesn’t matter. Everything averages out over time. In between market making activtities will test the supply/demand on both sides of the market depending in available liquidity (btc or base curreny) in most principal exchanges.

— D7R (@d7rader) June 14, 2020

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