Reviewing “Modelling Bitcoin’s Value with Scarcity” — Part IV: The Theoretical Framework leading to the Error Correction Model
The next step after the shown cointegrating relation between stock-to-flow and market cap of bitcoin
9 min readMar 7, 2020
Introduction
In my first review of the work of PlanB, I concluded that the relation between stock-to-flow and bitcoin price as pointed out by the author was invalid because the general assumptions of ordinary least…