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🦉 Why Stocks With Bitcoin Ties Crashed
Former Mt.Gox CEO to Launch European Exchange, Ripple seeks stay on $125 million SEC payout, & more!
Traci Smith & Mike Cullison
September 06, 2024
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In Today’s Crypto World:
Former Mt.Gox CEO to Launch European Exchange đź’°
Why Stocks With Bitcoin Ties Crashed đź’Ą
Ripple seeks stay on $125 million SEC payout 🤑
Gainers & Newbies đź‘€
All New X-Men 🦸‍♂️
Stock 2 Flow Chart 🔬
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DEGEN PLAYS
GAINERS & NEWBIES đź‘€
*Market insights are updated daily.
VEVE & NFT
ALL NEW X-MEN 🦸
CHART OF THE DAY
STOCK 2 FLOW 🔬
What Is Stock To Flow (S2F)?
Stock to flow is a forecasting tool for Bitcoin price.
It creates a line on the chart above that shows an estimated price level based on the number of bitcoins available in the market relative to the amount being produced (mined) each year.
The score on the stock to flow line is the forecasted price for bitcoin at that particular time. By hovering your cursor over the line on the chart, you can see the forecasted price. To date, it has broadly forecasted price correctly as $BTC price has followed the stock to flow line.
As the amount of bitcoins to be mined reduces over time, the stock to flow number (s2f ratio) increases, as supply coming onto the market is reducing. That is why this model is forecasting that the price of Bitcoin will increase in the future.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS DEFI? 🔦
HOOT’S OF ENLIGHTENMENT
WHAT IS USDT? đź’ˇ
Tether (USDT) is a stablecoin pegged to the value of the US dollar, providing stability in the volatile cryptocurrency market.
Its key points include a 1:1 backing by fiat reserves, ensuring that each USDT token is redeemable for one dollar, and its widespread adoption as a medium of exchange, store of value, and trading pair across exchanges.
USDT is amazing because it bridges the gap between traditional finance and the crypto world, offering a stable, easily transferable digital asset. Its ability to maintain a stable value while enabling fast, low-cost transactions makes it essential for traders and investors seeking liquidity and protection from volatility.
OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀
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DAILYMEMES 🤣
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.05/31/202406/12/