Bitcoin “Arguably Undervalued,” Says Analytics Firm: Here’s Why
On-chain analytics firm Santiment has explained how Bitcoin could currently be undervalued based on its 4-year correlation to Gold and S&P 500. Bitcoin Has Underperformed Against Gold & S&P 500 Recently In a new correlation to these assets, but the pattern has shifted lately. Any two given assets are said to be “correlated” when one…