Cointime Inflation S2f Inflation S2f
Bitcoin
This metric pairs Bitcoin's annualised supply inflation rate with its Stock-to-Flow ratio, which compares existing supply to the yearly new issuance.
Why it matters
It quantifies Bitcoin's scarcity and how the programmed halvings progressively tighten new supply over time.
How it is built
Stock-to-Flow divides the circulating supply (stock) by the annual mined issuance (flow); the inflation rate is the inverse, expressed as a yearly percentage.
What to watch
Rising Stock-to-Flow and falling inflation after each halving underpin the scarcity thesis; the ratio is a core input to long-horizon valuation models comparing Bitcoin to gold.