In this morning’s edition of The Macro Show, Hedgeye Financials & Housing analyst Josh Steiner discusses Bitcoin’s creation and pricing dynamics to forecast its price over the next several decades.

"Every 10-fold increase in Bitcoin’s stock-to-flow ratio (which occurs roughly every 12 years) has produced a 1,000-fold increase in the price (and that's happened twice already),” explains Steiner, as he runs through how he models Bitcoin’s price over a long-term duration.

Josh Steiner’s Long-Term Bitcoin Models - market brief