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Analyzing Bitcoin Predictions and Regulation
This chapter critically examines the stock-to-flow model's failures in predicting Bitcoin's price movements while emphasizing the importance of supply and demand factors. It also discusses significant events in cryptocurrency regulation, notably a Senate hearing showing a potential shift in congressional attitudes towards the crypto industry. The conversation intertwines recent developments, such as MicroStrategy's Bitcoin purchase and partnerships signaling mainstream adoption, with cautionary notes about the ongoing regulatory challenges ahead.
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Transcript
