2012 halving (left orange arrow,
🔵 ->
🔴): stock to flow ratio doubled from 4 to 8 and bitcoin value increased 100x
2016 halving: S2F doubled from 11 to 22. Value 10x
2020 halving: S2F doubled from 27 to 54. BTC value just started to rise .. towards gold,
🟠🟡 next.
Happy 2021
🚀 — link