Bitcoin 'cheap' at $20K as BTC price to wallet ratio mimics 2013
— Wallet, Cheap, Mimics, Bitcoin, Pricenetwork, Timmer, Levels, Btcusd, Ratio, Price — 1 min read
Bitcoin (BTC) has not been this good value since it cost $1,130, one analyst argues as BTC offers a “compelling” risk/reward ratio. Jurrien Timmer, director of global macro at asset manager Fidelity Investments, described $20,000 Bitcoin as “cheap” He concluded that BTC/USD is now back at where it was at the peak of the 2013 bull market. At $20K BTC, if you believe that the downside risk is $10K and the upside potential is $250K, then at these prices there is a.5X downside and 12.5X upside. This is a 25 to 1 Reward to Risk profile,” he told Twitter followers. Source