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

Marcel Burger

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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…

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Marcel Burger

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.