Stock-to-flow visualiser
The hardness of a monetary asset, measured as existing stock divided by annual flow. Higher is harder. Bitcoin's ratio doubles at every halving.
Stock-to-flow comparison
Silver22
Gold62
Bitcoin (2024)121
Bitcoin (2028)242
Bitcoin (2032)484
Each Bitcoin halving doubles the stock-to-flow ratio. By 2032, Bitcoin's ratio will be nearly eight times that of gold. No other asset in history has this property: a supply schedule with a known, decreasing flow that cannot be altered by any authority.