Hedge fund bear Russell Clark puts bitcoin valuation model under scrutiny
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By Mark Kitchen | 02/06/2021 - 5:26pm
Well-known hedge fund bear Russell Clark is questioning how valuable bitcoin is under the stock-to-flow model, a framework traditionally used for precious metals such as gold and platinum, in light of recent sharp price volatility. In a market commentary this week, Clark – who leads global equities asset manager Russell Clark Investment Management – threw the spotlight onto how the world’s foremost cryptocurrency is valued.