Bitcoin is twice as scarce as gold by Stock-to-Flow while ETH circulates more, Joao Wedson notes

Bitcoin is twice as scarce as gold by Stock-to-Flow while ETH circulates more, Joao Wedson notes
Bitcoin scarcity compared to gold, ETH circulation higher

Bitcoin is now about twice as scarce as gold based on Stock-to-Flow, while Ethereum's one-year supply velocity is 3.5 times higher than Bitcoin's. Joao Wedson states that BTC shows increasingly scarce new issuance and historically low circulation, whereas ETH maintains much higher circulation.

Joao Wedson previously stated that altcoin season is unlikely to occur before 2027. He has also tracked price movements in individual assets, noting that Solana declined 14.08 percent and Hyperliquid dropped 15.86 percent since October 6. These observations provide context for his recent analysis of Bitcoin and Ethereum supply trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.