Bitcoin's price is driven by scarcity. The Stock-to-Flow model captures this relationship with an R-squared of 0.95.

The model predicted $100K by end of 2021. Bitcoin hit $69K. Close, but the miss taught me about the limits of any single model.

I stay anonymous because the ideas should stand on their own. It shouldn't matter who I am. It should matter whether the math is right.

Gold has a stock-to-flow ratio of 62. Bitcoin's will eventually exceed 100. The math says that matters.

Every four years, Bitcoin's new supply is cut in half. No other asset in human history has this property. The implications are massive.