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The Daily Hodl 2021-03-30 16:10:27

Banking Giant BNY Mellon Says Bitcoin’s Supply and Demand ‘Aligns Nicely’ With Gold

America’s oldest bank BNY Mellon has compared Bitcoin to gold, and cited the controversial stock-to-flow (S2F) model that puts a $288,000 price tag on BTC in 2021. In a new evaluation report that has since been taken down, the historic bank says that the flagship cryptocurrency’s supply and demand dynamics mirror that of the yellow […]The post Banking Giant BNY Mellon Says Bitcoin’s Supply and Demand ‘Aligns Nicely’ With Gold appeared first on The Daily Hodl.

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