Bitcoin is no price floor – looking for alpha

Bitcoin is no price floor – looking for alpha
фото показано с : bitcoints.com

2018-6-30 18:06

What the chart claims to show is this – there is somehow a trailing breakeven price at which Bitcoin has historically traded above.
Using a 1.8x average Price/Breakeven (the latest novel effort to fit a relative value multiple to Bitcoin price), he thinks Bitcoin (BTC-USD) should trade at ~$36k by 2019 YE.
Thus, the Bitcoin supply schedule is fixed as long as the lowest cost producer remains in production.
Flaw #2 – Bitcoin Miners Are Not Producers Unlike commodities, Bitcoin miners have no control over the overall supply of bitcoin.
Until both these flaws are adequately addressed, I find it hard to buy into the Bitcoin “breakeven floor” narrative.

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bitcoin price breakeven relative value fit effort

Источник: bitcoints.com

bitcoin price → Результатов: 126


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