New Bitcoin Yardstick metric says $20K BTC now ‘extraordinarily cheap’

Cointelegraph

Published Nov 02, 2022 06:16AM ET

Updated Nov 02, 2022 08:00AM ET

A simple but elegant Bitcoin (BTC) price metric has returned to lows from before the 2017 bull market.

As noted by its creator, Charles Edwards, CEO of asset manager Capriole, the Bitcoin Yardstick is now at its second lowest level in history.

Bitcoin Yardstick annotated chart. Source: Charles Edwards/ Twitter
Bitcoin Yardstick chart. Source: Glassnode
Bitcoin hash rate chart. Source: Blockchain

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