#1010 Here Is Proof That Bitcoin Is Very Cheap - BTC On-Chain Analytics
Jun 18, 2022
Dive into the world of Bitcoin as on-chain analytics reveal its potential undervaluation. Explore the market trends that are shaking up perceptions and compare Bitcoin's performance to gold and the S&P 500. Discover how production costs and Federal Reserve interest rate policies play a crucial role in its resilience during market turbulence. Gain insights that could guide your next investment move in the crypto sphere!
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insights INSIGHT
Bitcoin Market Update
Bitcoin is trading above $20,000, with its market cap below $400 billion.
The inflation rate is around 1.7%, and over 90% of the supply has already been issued.
insights INSIGHT
Bitcoin Performance
Bitcoin is down 70% from its all-time high.
Historically, buying Bitcoin 89% of the time would yield profit if held until present day.
insights INSIGHT
Bitcoin Trend Deviation
Bitcoin's price is deviating below its 200-day trend, a historically rare occurrence.
This is only the third time in 10 years Bitcoin has dropped below its four-year trend.
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In today's episode, I break down Bitcoin On-Chain Analytics. I'm usually joined by WiIl Clemente on Saturdays to discuss his research through articulating his weekly newsletter. Unfortunately, Will was unable to join us this week. Instead, I go through the Blockware Newsletter to help you understand why Bitcoin crashed this week and what you should do during a crash.
To see the video with the corresponding charts referenced throughout the interview, go to my Anthony Pompliano YouTube Channel
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