Singaporean Hedge Fund CEO Worried About Bitcoin Stock-To Flow Hype

Singaporean hedge fund CEO of the Three Arrows Capital, warns that the stock-to-flow based predictions about the increasing value of bitcoin in 2020 could be questionable and claims that the investors pin their hopes on mining reward halving and for the stock-to-flow movements to end up in ‘’over-leveraged positions.’’

Following the latest bitcoin news, the Singaporean Hedge Fund CEO Su Zhu spoke on the Venture Coinist podcast and stated that he was ‘’ definitely a bit concerned’’ by the increasing number of people who put their faith in the stock-to-flow forecasts. Many of the predictions have put bitcoin on course for a massive recovery of $100,000 or even more in 2020 following the Bitcoin halving event. Zhu opined:

 “It may set up some people for over-leveraged positions, if they start to believe this is something they can trade off.”

He added that the stock-to-flow issues on their own could even not be enough to boost the Bitcoin prices up. Instead, he stated that adherents to his school of thought ‘’would still need other people to come to their belief system even if they put all their savings into bitcoin.’’ He added:

 “I think, for me at least, Bitcoin is more about the properties of Bitcoin itself, as opposed to the fact that its supply curve will sort of tautologically lead toward price moves.”

Zhu didn’t quite discount the worth of stock-to-flow based analysis when applied to Bitcoin and he continued:

 “I think [stock-to-flow analysis] is good in that it does draw attention to the fact that Bitcoin has a predictable monetary policy that has consensus, and also that it will get scarcer over time. I think those are important ideas and key to Bitcoin.”

As per the reports, The Singapore government and its blockchain accelerator Tribe recently helped raise another $15.7 million for participating companies through the ecosystem. As a press release shared with many crypto news outlets shows, Tribe Accelerator revealed that a total of million had been raised to date in order to support startups around the world which are attempting to solve real-world problems with blockchain.
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Singapore has been always considered as the preferred crypto hub and The Singapore Central Bank and the Monetary Authority of Singapore, aim to allow the derivatives trading involving crypto assets on regulated platforms and exchanges. According to the Nikkei Asian Review, this decision could only make way for a regulatory oversight as the crypto products become much more popular among the investors in the country.