“Bitcoin Terminal Price takes the sum of Coin Days Destroyed and divides it by the existing supply of bitcoin and the time it has been in circulation. The value of Transferred Price is then multiplied by 21.”
“This creates a 'terminal' value as the supply is all mined, a kind of reverse supply adjustment. Instead of heavily weighting later behavior, it normalizes historical behavior to today.”
“This Terminal Price has historically been very effective at forecasting the tops of Bitcoin price cycles.”
= We’re far from the top of this one.
“This creates a 'terminal' value as the supply is all mined, a kind of reverse supply adjustment. Instead of heavily weighting later behavior, it normalizes historical behavior to today.”
“This Terminal Price has historically been very effective at forecasting the tops of Bitcoin price cycles.”
= We’re far from the top of this one.