Bitcoin undervalued compared to S&P 500, says metric.

The text describes a metric that uses an Ordinary Least Squares (OLS) regression to estimate the fair value of Bitcoin (BTC) based on its relationship with the S&P 500 over the last 200 days. According to this metric, BTC is currently undervalued by around 3.7% compared to its estimated fair value of 27,550. The text also notes that BTC and US stocks, particularly growth stocks, have historically had a close trading correlation. However, the correlation between BTC and the S&P 500 has weakened over the last 12 months, while BTC’s correlation to gold has been on the rise. Despite this, there is still potential for a “catch-up” rally in BTC if US stocks continue to surge.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Crypto analyst predicts 20% drop in Bitcoin in the coming weeks.

Bitcoin maintains stability after the Fed rate hike, with a crypto analyst foreseeing a potential 20% growth in the u...

Bitcoin

North Carolina House approves Bitcoin study. What will it uncover?

The North Carolina House has recently passed a bill for the examination of Bitcoin and virtual asset ownership.

Opinion

LD Capital Macro Weekly Report (12.11) Will the FOMC Deliver the Rise?

Last week, European and American stocks performed strongly, with the unexpectedly high non-farm data only causing sli...

Opinion

MT Capital Research Report Stacks Nakamoto Upgrade Imminent, How to Inject New Energy into the Bitcoin Ecosystem?

At present, the TVL in the Stacks ecosystem has exceeded 19 million dollars, with over 120,000 smart contracts deploy...

Opinion

Eight-day window period' starts tomorrow, is there a chance for the approval of spot Bitcoin ETF this year?

Starting from tomorrow (November 9th, US Eastern Time), there will be a brief window for the US Securities and Exchan...

Opinion

ABCDE Bringing Staking to Bitcoin, How will Babylon unlock a trillion-dollar market?

Babylon is the top project in the Bitcoin ecosystem and the largest staking infrastructure for Bitcoin. It will unloc...