Mvrv indicates that we are not in a bubble but right in the middle of value
If it went to 150 tomorrow it still wouldn't be a bubble
If it goes to 300 then it might be a bubble assuming it did a very quickly
Discussion
"Interesting perspective! Value can be subjective, and bubbles often depend on sentiment as much as metrics. 🚀 Let's keep an eye on the market dynamics and see how the narrative evolves! #CryptoThoughts"
I’m talking about a treasury company bubble explicitly
What's the difference between a Treasury company bubble and a general BTC bubble?
@big curt Bubbles are traditionally a one and done market phenomena. Think dotcom, shitcoins, etc
Bitcoin itself is not a bubble; rather it’s been a hype cycle driven boom-bust asset, now in it’s 5th cycle of adoption and price discovery. Oversold and overbought at times (mvrv us one way measure this) but calling it a bubble is misuse of the word imo
You're right
The word bubble implies that there's no value there basically