Date: 2023-02-26T21:55:14Z Creator: Bitfolio Academy
A year ago, two very intelligent guys did a scientific study in which they looked at 22 potential determinants for the price of crypto. And for Bitcoin they determined that four of the 22 were important factors. In other words, these two guys tested and verified scientifically that these four things correlate to the price volatility of Bitcoin. So I created my Bitfolio macro indicator composed of these four factors. I scored each of these factors from 1 to 100. And currently the Bitfolio macro indicator sits at 45.
Here are the four macro indicators that I’m measuring.
– The s&p 500
– The Michigan US consumer confidence index.
– The Bitcoin supply cycle: where we are in the 4-year cycle.
– The Google trends score for the word Bitcoin.
This is the bitfolio macro indicator.
Let me know in the comments. 🤔
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I help people invest in digital assets without undue risks or long-term time horizons, but I am not a registered investment advisor, nor a financial advisor. All of my videos are strictly my personal opinion and are not financial advice. Do your own research.
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