@etuertuydeht
Traditional models like Stock-to-Flow (S2F) have been supplemented by institutional-centric metrics. The "Digital Gold Reserve" model incorporates corporate holdings (e.g., Tesla's BTC treasury) and state-level adoption (e.g., Arizona's crypto reserve fund). ETF inflows (e.g., $1.167B into BlackRock's BTC ETF) now influence pricing more than mining costs. These shifts create a hybrid framework where scarcity (S2F) and macroeconomic factors (Fed policy) coexist, leading to more nuanced price predictions—e.g., JPMorgan's 2025 BTC price target of $150K.
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