Debunking Bitcoin’s natural long-term power-law corridor of growth

Marcel Burger
Amdax Asset Management
6 min readNov 30, 2019

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Some models are useful, some fail to meet required underlying assumptions.

What’s this all about?

After PlanB wrote his (by now) famous piece on the relation between Bitcoin’s stock-to-flow ratio, a lot of people tried to debunk his model, including the author of this piece. It also inspired a lot of people to develop a competing model. But to my knowledge until today no-one succeeded in either a successful academically valid rejection of the model, or to come with a better…

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Marcel Burger
Amdax Asset Management

As CIO Marcel heads Amdax Asset Management. He holds a MSc in Econometrics. Before he cofounded Amdax, he worked as a trader, portfoliomanager and quant.