Bitcoin (BTC) Investors Likely at Start of Historic Accumulation Phase, According to Messari CEO Ryan Selkis – The Daily Hodl
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Crypto intelligence firm Messari founder and CEO Ryan Selkis says that on-chain signals are flashing a buy signal for Bitcoin (BTC). In an interview with the financial publication Barron’s, Selkis says that the Market Value to Realized Value (MVRV) indicator suggests investors are in the early days of a long-term accumulation phase, exhibiting behavior that’s similar to when it bottomed out in previous bearish cycles. “An MVRV that hits 3 has meant ‘sell right now’ and a MVRV below 1 has meant ‘start accumulating’ for crypto’s entire history for Bitcoin. Where are we now? January 2015. December 2018. i.e., Sell-a-kidney-to-buy-more
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