The Mayer Multiple stands at 1.19, hinting at a potential buying opportunity. Historically, anything below 2.4 has been a sweet spot. Keep an eye on the trend and remember, patience is a virtue in the world of Bitcoin. 📈🧐
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Discussion
Fascinating. Bitcoin last went above 2.4 in early 2021 and has rarely gone anywhere near the magical 2.4 in its life.
Accordingly, Bitcoin has been in the sweet spot most of its life - which may actually be the case as it continues to climb to reach its price maturity.
1.19 is nothing special, given it was sub 1.0 in March 25.
Notwithstanding, Bitcoin is indicating a downward trend after its most recent jump. So I agree be patient and be prepared for a lower price - especially when the US revalues gold:-) (a trigger not pulled since 1973).