Top Investors Bet $1M That Bitcoin Stock-to-Flow Model Won’t Become A Reality
A price-forecasting scarcity model that puts bitcoin at $288,000 by 2024 will not hold up in the coming years, according to two crypto hedge fund chiefs who are willing to put their money where their mouth is and make a $1 million bet.
The chief investment officer at Arcane Assets, Eric Wall, took to Twitter on November 11 to explain the terms of his bet. In his tweet, Wall stated that he is ready to give $1 million to the person who accepts his bet that the much-celebrated Stock-to-Flow (S2F) model will be “broken less than five years from now”. He is willing to lock up the million dollars with a third party that they both trust, and the person accepting the bet must also do the same.
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