Crypto Analyst Explains Why Bitcoin Is ‘Incredibly Cheap Right Now’

On Monday (June 27), crypto analyst Will Clemente, who is Lead Insights Analyst at Blockware Solutions, took a closer look at the Bitcoin price.

Clemente, who was using data from blockchain data and intelligence platform Glassnode, was basing his claim on the fact that the Mayer Multiple is currently around 0.6. The Mayer Multiple, which was created by Trace Mayer “as a way to analyse the price of Bitcoin in a historical context” is “the multiple of…
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