CryptoMarketCap - Cryptocurrency Market Capitalizations logo CryptoMarketCap - Cryptocurrency Market Capitalizations logo
Seeking Alpha 2021-06-15 19:40:46

Bitcoin is below trend - it's time to buy, says Pantera Capital

Vertigo3d/iStock via Getty Images Dan Morehead and team at Pantera Capital have had a front-row view of the price and money flow action in bitcoin (BTC-USD) for nearly a decade, and - what do you know - human nature is just as pro-cyclical in that asset as it is in any other. Pantera has found that bitcoin has spent 10% of its time at 500% above what they call "fair value" (basically an 11-year trend line), and has reaped a full 39% of all inflows during these rare periods. Taking it further, the popular crypto has spent 4% of its time trading north of 775% of fair value, and has pulled in 28% of all inflows during those instances. As for now, Pantera says bitcoin is selling for 36% below fair value - an undervaluation seen for just 20.3% of the crypto's existence. "It's best to buy when the market

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer