24 min

IS BITCOIN MIMICKING RISE OF AMAZON?! MOST BULLISH MACRO BACKDROP IN 75 YEARS!‪!‬ Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

    • Investing

Macro guru and Real Vision chief executive Raoul Pal is looking at the historical price action of e-commerce titan Amazon and comparing it to the performance of Bitcoin (BTC) since 2013. According to the macro guru, if Bitcoin is to follow Amazon’s price action in 2010, it is possible for the leading cryptocurrency to revisit crucial support at $30,000. Pal also adds that based on Metcalfe’s Law, Bitcoin’s value should be hovering around $100,000, suggesting that BTC is tremendously undervalued at its current price.
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Macro guru and Real Vision chief executive Raoul Pal is looking at the historical price action of e-commerce titan Amazon and comparing it to the performance of Bitcoin (BTC) since 2013. According to the macro guru, if Bitcoin is to follow Amazon’s price action in 2010, it is possible for the leading cryptocurrency to revisit crucial support at $30,000. Pal also adds that based on Metcalfe’s Law, Bitcoin’s value should be hovering around $100,000, suggesting that BTC is tremendously undervalued at its current price.
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24 min