By CryptoNews - 11 months ago - Reading Time: 1 minutes
Bitcoin Now Undervalued vs S&P 500, According to This Metric
Bitcoin (BTC) is now undervalued versus the S&P 500.That’s according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of fair value for the Bitcoin price based on the current S&P 500 price.
This methodology (an OLS regression of the Bitcoin and S&P 500 prices over the last 200 days) comes up with a fair value of 27,550 for BTC....
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Original source: CryptoNews