Fundstrat’s Tom Lee: Current Bitcoin Misery Index Never Been Reported in Bear Market
Cointelegraph
Published Apr 21, 2019 09:34AM ET
Fundstrat’s Tom Lee: Current Bitcoin Misery Index Never Been Reported in Bear Market
Fundstrat Global Advisors founder Tom Lee pointed out that the value currently reported by his company’s bitcoin (BTC) sentiment indicator Bitcoin Misery Index (BMI) has never been seen in a bear market. Lee made his comments during an interview with Cointelegraph published on April 19.
During the interview, Lee noted that through 2018, the BMI has not been over 50, while it now recently touched a value of 89. According to Lee, values over 67 have never taken place in a bear market.
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Written By: Cointelegraph
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