BITCOIN IS IN A BEAR MARKET — WHY IT’S STILL TOO SOON TO BUY
https://s.yimg.com/ny/api/res/1.2/R9.c8kmoLYsafTiEdtYD_g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02MDA-/https://media.zenfs.com/en/marketwatch_hosted_869/7bc8e96ae51f189eb44b35606931838b
✍️ Bitcoin's value is overvalued according to a valuation model based on Metcalfe's Law, which calculates the fair value of the cryptocurrency to be around $53,000.
👉 Bitcoin's value is overvalued according to the Metcalfe's Law model 👉 The model calculates the fair value of bitcoin to be around $53,000 👉 The current price of bitcoin is higher than the model's calculation 👉 The ratio of bitcoin's price to fair value is relatively small compared to past occasions
-- #ClaudeErb #MarkHulbert #JackDorsey #Satoshi #technology
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