Vitalik Buterin Criticizes Bitcoin “Stock-to-Flow” Model

Ethereum co-founder Vitalik Buterin has described the Bitcoin stock-to-flow model as “harmful,” saying that flawed financial models “deserve all the mockery they get.”

The Ethereum co-founder took to Twitter today to criticize the infamous, now invalidated model.

“Stock-to-flow is really not looking good now,” he said, adding that “financial models that give people a false sense of certainty and predestination that number-will-go-up are harmful and deserve all the mockery they get.”

The stock-to-flow model famously predicted that Bitcoin would hit $100,000 by December 2021 and attracted attention as the asset led a rally across the crypto market.

The latest criticism of the stock-to-flow model comes as Bitcoin suffers from its eighth month of sluggish price action.