Bitcoin correlations report, March 2024

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	Forwarded this email? Subscribe here for more No top in sight for Bitcoin Bitcoin correlations report, March 2024 Ecoinometrics Mar 27 ∙ Preview   READ IN APP   Bitcoin is doing good. Monthly returns are great, volatility is back and on-chain activity is skyrocketing. We are back in a bull market. The question is how long that will last. Let's try to get a clue about that by looking at the bigger picture, how Bitcoin correlates with other assets. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions.  We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 21,000 investors here: Upgrade to paid Done? Thanks! That’s great! Now let’s dive in. P.S. we have just released a new dashboard on the Bitcoin miners. The purpose of this dashboard is to track if the Bitcoin miners stocks are over priced or under priced relative to Bitcoin. Paid subscribers can check it out here. No top in sight for Bitcoin The takeaway Bitcoin is not the only asset making a new all-time high recently. The stock market is pushing hard. And so is gold.  So if Bitcoin is in a bubble everything else is too. Even relative to those other assets Bitcoin is not overpriced. Especially when it comes to tech stock Bitcoin is just fairly price. We expect it should be way overpriced with respect to the model if BTC was anywhere close to the top of the bull market. That means there is lots of upside left in this bull market if the economic conditions don’t change.  And based on the existing pattern of correlations, most assets that are downstream of Bitcoin should benefit too. Bitcoin is not overpriced... Continue reading this post for free, courtesy of Ecoinometrics. Claim my free post Or upgrade your subscription. Upgrade to paid A subscription gets you: Three issues of the newsletter, every week. Access to the monthly reports: Bitcoin on-chain trends, miners stocks, correlations, macro liquidity. A fast track to getting data-backed answers to your questions.   Like Comment Restack   © 2024 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe