With the arrival of the coronavirus potentially triggering a global economic meltdown, many are wondering how crypto’s most prominent asset will weather this financial storm.
The stock-to-flow model — which values Bitcoin based on its scarcity — shows the cryptocurrency is still on track to hit $100K in 2021. According to the indicator’s creator, everything is still “on S2F track” despite recent price drops. But can Bitcoin’s fundamentals prevail in the face of economic disaster?