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After you learn about Stock to Flow, you might consider https://onlinelibrary.wiley.com/doi/abs/10.1111/ecca.12295.
EDIT: More easily https://www.coindesk.com/markets/2020/06/30/why-the-stock-to-flow-bitcoin-valuation-model-is-wrong/. Sorry for linking to Coindesk ;)
You might want to spend a minute learning about stock to flow.